Sweet deal right?

I will eventually buy in the Columbus market but for now, I found a sweet spot. 

Where I am you would have a sweet deal if you got a cap rate of 7%, $94k per door is a sweet deal. 

Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

, etc. to get to that sweet spot in the leverage math that makes sense. 

(a real opportunity sweet spot in my RE career).

VRBO used to be a sweet deal. $299/year, for a place on their website.

Imagine this on a large scale where people depreciate $10Million  the government gives them a 30 year, zero percent $2.5Million loan  pretty sweet eh?

Chart that out over increasing property values, you'll find a sweet spot that will be about twice of what you are considering for most midwest markets (certainly for Milwaukee).

Depending on the property and location I will do STR but my sweet spot is Long Term Rental.