I agree with @John Underwood on finding a local person.Is there any reason you aren't looking at LTRing the place? 

Oh I agree.

We don’t anticipate this happening however, you need to prepare for every scenario.we have agreed to purchase the property for the loan balance of say 200,000$ value, 375,000$ and she lives there for $350 a month.

We spoke on the phone and she claimed, 'she didn't know what she was signing.' so we agreed it was okay to pick up with Feb 1, I didn't love this, but fine, you beat me for January.February first came and went, same thing.

@Bruce Woodruff I agree with you 100%.

Zillow predicts Columbus to be the 2nd hottest RE market in country due so many fortune 500 companies investing here (like Intel and google).

Totally agree!

I'd agree with Alex, areas like Lakewood and areas close to Edgewater Park. 

@Erika CabaI agree with the sentiment that you should hang on.

I agree with @Joe Zinger and @John Johnson, roll your funds into a self directed IRA - which can take the form of a SEP IRA, a Roth IRA or a solo 401(k) - and avoid tax exposure.I also think that @Paul Civitello made a crucial point but didn't emphasis it, and that is this:You can purchase a property with self directed IRA funds, tax free, earn a profit, and put that profit, along with the initial capital, straight back in to your self directed IRA, all TAX FREE!!