We are thinking about buying something down there in the near future.

Unrelated LLC members are partnering up for GRMs of 15 and willing to deal with tenants and toilets at a 4 cap.What I see are future motivated sellers. 

I plan to buy more duplexes in the future also.

Yet, I just wanted to know for future reference. 

As for Cummins future in Columbus, Cummins made a commitment to Columbus a few years back that they would be keeping their headquarters here - investing around $50 million into the city (http://indy.st/2uxRaOw)If you have any other specific questions about Columbus or my experiences over the last three years, let me know and I’d be more than willing to help out!

To be a competent investor in the future, I want to invest time now into learning the ropes.

The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.

So as mentioned, house hacking is the best way to dip your toes into the real estate world and it's a great financial move to set you up for the future.

@Joe Splitrock It's strictly a hypothetical for future purposes.

Would love to hear more from him in the future.