I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing. 

So many people including myself had issues with payment, fees, cancellation problems and a high amount of fraud.

Write down all your expenses so far, including your time spent moving.

We intended the property to cater to a variety of groups including corporate and yoga retreats.

Did you get copies of the financials including any funds held in escrow?

Anything in Westover or closer to Raeford will be a great area for rentals including prices ranging from about $1,200-$1,800/mo. 

(2) I have a Section 8 applicant and know that I am required to include them in the applicant pool, are the laws around do I have to prioritize section 8 tenant?

Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.

But I've looked at the rates of 2 PMs so far and both charge 10% of gross rents + 1mo rent on new leases + a BUNCH of other fees (I'll include more details as a comment to give an example).My question is: is this standard for the Cleveland market?

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.