While the 1% rules and deals with significant equity have become increasingly difficult to find within the 270 outer belt, there are an abundance of these deals to be found both off and on market in the Columbus' Tertiary Markets.

But why wouldn't an increase in the cap rate decrease the property's value?

The nice part of the rent raising is the government usually picks up most of the increase and keeps the tenant portion the same (or the tenant will at least contribute less to the rent increase than the govt) so it hurts them less or not at all. 

It probably would have negative cash flow even if self managed, but I expect at next mid term tenant the rent rate will increase.  

Over time, I plan to refinance to help create even more cash flow, and with time, rents will most likely increase.

Another way to look at it also is if you have a rental and you can increase rent by $100 and sell it in a year for a certain value, are you better off selling it today at another value or holding it for another year and collecting income?

On the other hand, C-class areas present the possibility of higher cash-on-cash returns due to lower purchase prices and the potential for gentrification, although they also face challenges like higher vacancy rates, tenant turnover, and increased maintenance needs.

Our deal volume and inquiries from the Columbus area have seen a large increase over the past year so we are familiar with the market.

Stuff like historical use on utilities, list of near-term CapEx and how to pay for it, anything that is trending the wrong way in operations.4) If you know enough about property operations, I've told people to make the monthly conversation with the mgr something to the effect of: "What 3 things are we going to do to increase NOI?"

My thoughts are 1) I will have a fixed rate and not worry about it changing every 5 years thus helping me control my expenses a little better (of course aiming to secure a good rate whenever the rates hopefully come down), and 2) it will be amortized over 30 years and if I get a good rate, then my cash flow should increase by a decent amount.