Hey Inga - You shouldn't have to go with private money to make this work, that would be more expensive than necessary.

@Eric DeNardo Definitely possible, but the hardest part is the buy part, there are plenty of wholesalers around ton spending tens of thousands of dollars on marketing to get off market deals, and that's the competition to get those deals, not impossible, but definitely tougher for the average investor that doesn't have the time.   

(It is more costly though)     I gave my cpa my income & expenses per property he said that’s not enough.  

Hey Stephanus, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

We have owned these properties from 5-10 years and some will be needing some larger expense repairs.

It did not fit what I was looking for, but is probably good for someone with more experience in rehabbing and who can quickly turn it around (good neighborhood, average size family home, etc). 

Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.

Will give you an idea of what the average spread/points are in the area.

I have been compiling comps from FF and Air BnB/Vrbo for similar properties (that I'm considering) in similar areas and averaging them.

Plus they are making it more expensive to participate.