The city's strong rental market ensures a steady income stream and with affordability and a median home price below the national average, the city stands out as an attractive option for investors seeking a promising return.

I would NOT just let them out of the lease... turnover is going to be your biggest expense.

If you're not living there, I would typically want at least my expenses covered.

As far as pricing out a build I would put a call out to a home builder in your area and chat with them about average cost per sq ft to build in your area to give yourself an idea.

Hey Pat, totally can relate with you being from an expensive real estate market - 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.

Guild is also one of the most expensive lenders out there, they are a big behmoth with private and public shareholders to please, so costs are much higher to drive profit for them.I am a local house hacker/investor and lender for WA State, and would be glad to help you with this @Chelsae Roach!

You may never need it, but it's totally worth it when you do, so for us, worth including in our initial expenses. 

Hi Stephen, 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.

It would cost around $3,500 to safely get my head above water with the licensing expenses, and I currently do not have that much, as I have most of my money currently in either a retirement fund or going toward college.

Thanks It’s not a $1 property, it’s really property in most cases at minimum an 150k property after repair expenses that might only be worth 100k in effect it’s not a one dollar property, it’s a negative 50k property.