What I found was, yes it was nice have additional income, but each project seemed to always interfere.

Lots of factors in every location. 

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. 

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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Additionally, I have one savings account for reserves for all my properties, which I add to every month. 

In addition, these markets are seeing both home values and rents appreciate.Cash flow from a property will depend on your down payment.

Also, the benefits of a cost segregation study can vary based on a multitude of factors.

As others have said, the location is a big factor in MTRs, but so is the clientele you are going after.

As an new investor you should consider which factor is higher risk - proximity or market dynamics. 

I did just have my first GVR guest (arriving 1/14) ask me for one additional bath towel and face towel for each of the 3 guests.