With rents as well in the $1500+ range how high is too high before people just cant afford it in Columbus?

Right now your break even on buying those points is probably in the range of 35-45 months.

Has anyone used crowd funding or perhaps a private equity reit to fund a deal in the 2 million dollar range and if so how did you set it up and make it attractive to investors while keeping it profitable on the back end to actually run and maintain the property correctly? 

If I understood the Note market space better, I could see if seller financing at ~10% and after seasoning sell off the Note.Yet, people are doing such a wide range of single digit yields. 

As you get off Belair Rd North East of Erdman you should be alright.For your price range you are definitely C grade at best. 

Call all the community banks and credit unions in your area, and ask what their parameters are for HELOCs using your FICO range that you pulled.  

DSCR would be in the same ball park range of mid-high 7s with good credit and 20% down.

I would be looking for something in the 200k range and have anywhere from 100-130k for a down payment. 

If you google, "how much are closing costs" you'll get a result from Rocket Mortgage (most expensive lender) stating the fees could range from 3-6% of the property's value. 

There are many condos in that price range, you can find a destressed property, and more.Good Investing...