But as of today, I am strongly considering converting it into a single-family rental because based on some Zillow comps I’ve seen I could get upwards of $8000.00 per month which is more than double my mortgage, taxes and operating expenses.

But you can get value out of all of them if you work them right.The reality is, for profit or non-profit, all REIAs have costs to cover just to operate.

I operated in Baltimore city for less than a year.

I think KCMO is considered a landlord-friendly location.A professional property manager can significantly improve an investor's life by streamlining operations, maximizing profitability, and reducing stress.

You operate in the Bronx, how it going?

where do you operate? 

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

You also have to build in holding costs, investor capital, operating costs etc.

Or is it a situation that the company insuring the property has not obtained appropriate licenses to operate in Ohio, therefore I won’t be covered in case of a disaster?  

Im a medium sized operator - 46 units- and my typical deal has an ARV from 200 to 230 when its finished.