Land is also scarce, so a SFH in such a dense and popular spot will be rare and expensive.Also as David mentioned, land retains its value but structures are generally thought to depreciate to zero over 25 years.

Thanks for the mention @Brie Schmidt.

They can identify potential investment opportunities... not to mention all the tenant/landlord laws, eviction process, security deposits, accounting, end of year tax statements etc. lots of pitfalls to be avoided.wish you success in your ventures!

One place that will soon become a rental market heaven is an area around Johnstown/ New Albany where a huge Intel plant is under construction with plans for thousands of employees, not to mention the contractors there now. 

Funny you mention the whole GP / LP thing - I spoke to someone recently who claimed to have raised $10M+ for a fund and owned over 100 units.

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Make sure to mention that this violates the quiet hours policy and could impact their lease status.

As Stuart mentioned, there are several issues that might arise with the property, which could definitely impact your cash flow. 

We are in all of those markets you mentioned and can help streamline the process for you.You can also click on my website link in my bio to schedule a call! 

Not to mention, the right system will enable your tenants to pay rent online, have a tenant portal, and all the other features that both tenants and owners need this day and age.