They got fundamentally sound real estate, with matching debt (10+ yr fixed rate) and budgets with the intent to hold nearly forever. 

With the budget mentioned, you can find single family rentals in Columbus and duplexes in Cleveland under 200k.

You can view my live rehab budget spreadsheet as I renovate here if you're interested in following along I'll be posting @LearningToDIY on instagram too https://biggerpockets.notion.site/Rene-s-Renovation-Budget-T...

I'd have a Home Inpsector and/or General Contractor go over the place and make a list (Scope Of Work) with a tight budget.

Based on the local market, $15k for renovations seems light—have you had contractors confirm this budget? 

I had the same lessons learned from BRRRR's and flips I've done in the past: they almost always go over time and over budget!

Be conservative on budget and time.

We budgeted $100k and that’s our goal but have extra just in case something pops up so this $120k is a high number.

Furnished Finder is great for travel nurses and more budget conscious travelers.

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.