Having toured some of the most prestigious, expensive and historic estates and properties from Brookings to Astoria, there is still considerable investment opportunity at the very high end of the luxury market.

This deal looks really solid to me, but I have only been looking at rental properties as high as $600,000 in discussion with my lender.

If you are looking to expand your knowledge I highly recommend the webinars BP offers. 

Their fees and interest rates were high, but they had the least restrictive approval terms from what I gathered.

.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

For example: We provide tax preparation and advisory services to people who invest in commercial (including multifamily) real estate, and high w2 earners investing in short-term rentals.

Kitchen RenovationScope of Work:Replace all cabinets with high-end custom cabinetryInstall quartz countertopsUpgrade to stainless steel appliances (high-end brands like Thermador or Bosch)Add a large kitchen island with additional seatingInstall new tile backsplashUpdate lighting fixtures with modern pendantsRefinish or replace flooringEstimated Cost: $50,0002.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Columbus also has great macroeconomics - lots of job growth, population growth, and major employers developing here.