Needless to say, Columbus will remain a strong real estate market for the foreseeable future. 

3.I can save up around $20k-$30k a year and Im looking to use about half of that for a down payment with an FHA loan, so the remaining funds would go into the property savings as reserve.

And higher interest rates have priced out many would-be first-time homebuyers, forcing them to remain in a growing tenant pool. 

They have been on the market for about three months now and I am working with my realtor to get them sold sooner.The remaining properties have loans on them with one being free and clear and vacant, two being vacant with mortgages, and one is currently rented with a monthly mortgage payment due.

However, remain engaged, make aggressive offers, and be ready to act when those offers align with market reality.

This way, even if the monthly payment remains the same, the amount you pay towards principal each month goes up. 

And then rent out the remaining 16 units at market rent.

Here are a few thoughts of mine, based on your situation: DFW Market: Overall, the DFW area remains one of the strongest real estate markets in the country.

Typically you want to cover all floors and windows and items to remain unpainted like ceiling fans, etc.

., while John has a lot more experience than I do, and no real estate investor wants to be a restaurant operator, there are some upsides to Option 1, as I see it.The lower base rent could allow the Option 1 tenant to remain open throughout a recession, while option 2 may decide to close down the sales drop, if rent is too high.But beyond that, are a lot of factors that I would assess:Who is the actual guarantor on each lease?