An argument can be made that you will generate a higher net worth there than say middle of nowhere Alabama.3.

Many voucher holders also work and so sometimes they will have a higher amount to spend than someone who doesn’t work because they can pay up to a % of their net income from the HA’s calculations, often 30-40%.

Columbus - less monthly cash flow - higher predicted long term appreciationDayton - More monthly cash flow - standard expected appreciation

The investment is a little bit more upfront since you'll have to furnish the room and bathroom fully, but you may be able to command a higher rent each month since you're covering all utilities, WIFI, and providing all the furnishings.Either way, renting out the room is a great idea and I'm sure it will be helpful so you can rest a little bit easier while you save to move to Lakeview, eventually :)

For larger buildings with financing, it's worth the administrative burden and the potential for higher churn, just for the sake of preserving occupancy. 

Purley asset-based lenders are most likely going to be hard money lenders whose rates are typically going to be much higher.

And yes the higher the barrier to entry, the better the return (reward). 

I'd pay off any mortgage at 6.5% or higher. 

I wonder how people feel about the Wichita market now that rates are a bit higher and the craziness of the last couple years seems to be subsiding.

Using the annualized NOI of $1.35M vs budget of $1.16M is $190k at a 5.6% exit cap is a minimum higher exit price of $3.4M, likely closer to $4M once income rebounds, of which you keep $2M in addition to your millions in other fees and promotes.