Each step you take reveals a new horizon.

You need to calculate your "event horizon" meaning how many years you will hold the property.The 50% expense many use comes from over time when an asset is newly built or recently rehabbed with everything replaced that cost will be low.

But, if there are good deals up there maybe I should expand my horizons and venture into the north.If I can ask, what drew you to Ohio as opposed to the rest of the United States?

Wouldn't this be a very risky time (given say 10-125 year horizon - about as long as I want to be in landlord business) to buy more real estate anywhere in the US.  

With a 30+ year investment horizon you dont care. 

It's a repeatable formula, throughout market cycles (can hold for longer time horizon, if need be) - buy assets that need moderate renovation, in growth markets.

Just want to kickstart an investment discussion about Real Estate v.s Cryptocurrency that takes into consideration ROI, Risk/Reward, Cost of Entry, Headache, Time Horizons, and maybe even ethics if you want to get crazy with it. 

i have been trying to broaden my horizons onto MHP, Self Storage or RV/Boat storage, possible, apartment development (out of my wheelhouse, but why not learn?

Having both LTRs and STRs what you intend on doing with the property between now and when you "leave it to your children" is, as Luke implies, potentially far more meaningful over that time horizon than whether you cashflow $70k or $60k/year. 

Anything more complicated or that has a longer horizon is harder to sell generally.