With your additional $100,000, you’d have a nice cushion to renovate or furnish a property like that.It really comes down to how involved you want to be and your long-term goals.

Additionally, where do you research if an area has a good rental pool? 

There is only a limited provision to make additional fixed-amount payments once a year. 

In addition we do not accept any applications for longer move in than the remainder of the current month and the next month (so if tenant is unable to move in by march 1, they cannot apply until feb 1 as we are unwilling to go longer than that without rent and will hold another open house).S8 needs to streamline their process if they want to increase their housing options.Best wishes

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.

I used the 75% rule on the income and added it and my DTI without the rental goes from 24% to 38%.Or does it just allow me to just take the net profit of that rental and add it to my rental? 

It also allows you to search 400 property and property owner consumer fields, in addition to being a driving for dollars tool.

After some additional research we have decided to focus on the aforementioned markets, but I will keep you in mind if we decide to look at Columbus more closely in the future. 

Many insurance companies do not allow adding a landlord as additional insured.