Your choice hinges on priorities—Cleveland for immediate cash flow or Columbus for long-term appreciation.

If you need financing, Id look into Fannie and Freddie's renovation products (Homestyle and Choice Renovation) since this will be a primary (cant use hard money).

Taking into account both immediate costs and future rental revenue, this analysis will assist you in deciding whether making the renovation expenditure is in line with your financial objectives.Second, you have choices when it comes to finance.

My choices (all were referrals and all are very nice people): 1.

Which is what they. ultimately are. 

I never had the choice to join the military or the police/fire dept. in a First Responder capacity. 

Milwaukee is block by block and most OOS investors (and relocation clients) are surprised by the range of choices.

@John Wilson- what did you ultimately decide upon?

Given the choice between those two I go slider every time.

By doing those things incentivized in the US tax code, it is possible to keep all your income, and that is life-changing.Making the right choices, you could be financially free in less than 5 years, but you are not headed that direction.