My strategy is growing equity for the first 10 years and then 1031 that capital into triple net deals which are truly passive and live off that cash flow.

Those that bought in the Cleveland markets,  6 7 8 years ago, have tripled, quadrupled or more, on top of the 30% net caps.  

My corporation usually loses money most years, however I receive a great monthly rent as the owner of the building, the lease is triple net to boot, and not to forget the business meetings in vacation like settings, health care, life insurance, a vehicle and all costs of running the vehicle.

The SFH tenant paid for the mortgage and left me room for cash flow,  so, it is possible.I like @Justin Taber's idea of looking into multi-family properties, as the prices for one in Columbus are reasonable, and you may be able to get a double (or triple) in which tenant # 1 (and/or tenant # 2) would pay the whole mortgage note. 

Yes to triple net.  

And it's me that makes the final decision on what we're going to do - whether triple crown or whatever and we're not able to set down exactly ahead of time what we're going to do, because we don't know what we'll find until we start tearing down walls.I remember once I had a carpenter walk off the job, when I said that we'd need a higher ladder to screw in a new light bulb.

Used to be 25- 30% NET but pricing has doubled tripled or more .

People seem to forget that as an owner you ARE the HOA, and I don't think most people realize that a good HO6 policy has coverage against special assessments.I will also chime in that an older well managed building (preferably without elevators) can be a much lower cost risk than many of the larger newer complexes in Denver many of which have had litigation against their builders already, and whose taxes are often double or triple.  

You could structure a triple net lease development deal (lease the land and sell the development rights) with any number of branded tenant/developers (CVS, Walgreens, Dunkin Donuts, Walmart to name only a sliver).

I have a home inspection coming up Monday for a 3 unit triple decker style home that was built in early 1900's.