My grandmother lived there for many years when I was growing up (I always think of the massive shark head store there), but I don’t think even she would have predicted how much it would rise.

The Feds just lowered rates by the .5% which looks great, but I view that as creating massive Inflation by the end of next year if they keep it up into 2025, which creates issues. 

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.

This are the numbers:25 unitsAsking price 1.5MI will offer 1M $11,780 monthly rent income$13,000 annual expenseYes, the expense ratio is low but it's because it's in the island where we do not have property tax, insurance is for liability around 2k a year and it's all concrete structures. 

I chose Columbus because of the massive growth in population and the job market along with companies choosing to move and develop here like Intel, Meta, Honda, Amazon, etc.

This deal has massive upside and I could not pass it up.

As someone who doesn't have a massive sphere in their market, best specific advice for networking to grow that sphere quickly?

It is unfortunately not made out of reinforced poured concrete and instead stone and mortar that could become loose from too much ground movement.

Now if you are using a loan, well I believe you do not have any other option, So, 5- 40 units is a MASSIVE difference.