The properties I've acquired myself have performed extremely well (extremely high cap rates and cash-on-cash returns).I started out self-managing my own properties, but I took on a few clients who were attracted by seeing how well my properties were performing.

Markets with strong fundamentals will attract investors, thus people will compete and drive returns down.

I know it is not quite as cool and attractive as PRIVATE MONEY but easier to find and get for your first/second deal.  

Some lenders may seek to attract investors / stimulate growth by offering 0 seasoning requirement - especially to experienced and efficient borrowers. 

S-corporations are still subject to some corporate tax provisions, which generally make owning real estate not as attractive for long-term ownership.In the simplest form, a single member LLC offers the best of both - strong legal protections if the LLC formalities are maintained (separate bank accounts, annual member meetings, etc) and easier income tax compliance on your Form 1040 (no double tax, no extra return, no corporate income tax rules).If you add a partner to a single member LLC (aside from another disregarded entity you own), you then have to file a partnership return (Form 1065).

I did do research on Airdna and discovered that there weren't many properties similar to mine as far as location and proximity to town, the university and attractions. 

Is there anything specifically attractive as an investor in Columbus?

wallet How did you add value to the deal?

This was very attractive to me because it's a very old property (1914), in good shape but with deferred maintenance, a past electrical fire, and some other issues that are relatively minor.I had stated I could offer an owner carry.

Low prices attract problematic guests.