Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.  

One huge factor is what market you are buying or building in.

Another major factor is whether the MHC is in the PATH of PROGRESS and not in a blighted or run down area that populations are avoiding and/or leaving.

As a strictly multifamily investor I admit my bias, but, for me the biggest factor is the ability to scale up to a size that allows for truely passive investing and having a professional management company do the day to day work.

Do you mind sharing how you determine your rental rates: Check other similar props on VRBO AIRBNB, management co, etcVacancy Factor: I know june july august 10 weeks of summer peak rents is standard in my market and the other 9 mo I figure 85% occupancy (because that is what I have with good management and keeping an eye on rates) 

Forming another legal business company can keep your personal things safe from business legal problems.Another thing you still have to do is to get your lender figured out so you can have a copy of the loan letter and include that with your offers and possibly give the seller a bit of comfort factor is that is beneficial to them by knowing that you can close on his property.  

@Aaron Koski, thank you for the insight into building plan approval times in Denver, that is definitely a big risk factor.  I

Obviously the biggest factor is how much renovation will cost.Here are some links to information.Analysis, assuming 180,000 offer and 160,000 of repairs: 3401 Longfellow AvenueImages: LinkThank you so much!

This is where the sale of the property becomes a factor to consider.Overall, it is possible to make it a good investment, the biggest factor is time.

How much of a factor is current "roughness" of a neighborhood as well?