Thats insane the government is proposing these rules. 

You need to read the sheriff sale information carefully, or if in a county with a magistrate then read their ruling. 

You'll likely need to be in a C/C+ neighborhood to find the 1% rule, but you can still break even or sometimes get some slight cash flow in the B neighborhoods of Columbus.

@Chris Mahoo, rule one of investing: if the investment only makes sense because of the "tax advantages" it is NOT a good investment.  

If not, consider establishing one for 2022, after learning the rules.

Once you go above $125k/unit you start to get into the high end areas that won't have very good rent/price ratios and are under the 1% rule mark for turnkey stuff.Neighborhood wise in the city the "East End" is where the most expensive real estate is since that's where the universities and a lot of the hospitals are located.

To communicate that a candidate doesn’t meet your qualifications without violating fair housing rules, you can simply focus on the criteria rather than the individual.

There are several different kinds of exchanges with different rules and timelines, not just one type.

Also, if you approve them, make sure she is on the lease, and signs any rules and regulations you have. 

There are specific rules on when rent increases can be submitted for review, but there are no guarantees when they will respond.