Next time you think to focus on how "hood" one of these neighborhoods is, consider that the likelihood for criminals to be your neighbors in A-class areas is ever increasing, what with the sharp increase in cybercrime, Medicaid fraud, tax-evasion, and other white-collar offenses that seem to be the stock and trade of too many "elite" professionals nowadays.

Hey Julie, in Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

Nowadays there are a lot more strategies available to a lot more people, and that has changed the avatars of who is investing in real estate.Not every investor is defining "success" in the same way.

Like @Tyler Tapley mentioned turnkey can be risky, it's a marketing term nowadays so I would definitely dig deeper into who it is you're investing with and what type of areas they will put you in, I would go as far to say go out and visit them before investing so you can get a better feel of who they are, where it is they invest and the types of renovations they do. 

Long term it will be prime development land for residential and/or commercial, whether it is us to develop or sell to a developer.... we may subdivide and sell some of it in the short term, so we don't wish to erect structures or change zoning to make development harder down the road.   

Nowadays everyone has exited the arbitrage business model in my area simply because the supply vs demand is driving the revenue below profit benchmark for almost everyone.

Cost of the building package and erection is covered.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

Even if it were easier to find ‘1% rule’ properties nowadays, you still have to look into it and do your due diligence as every circumstances different.

Granted nowadays, the rates are moving around and the market is a mess.Some say to shop around..