Thanks allI think this ultimately comes down to the following: Will your return on investment be better with a new purchase than your current return on equity for that $200K?

Waylon- To have the largest buyer pool, my opinion is to price and market the home as furnishings or turnkey options are negotiable.Since this home is flexible in its use - let the market participants decide which option works best rather than defining it for them. 

Thanks for posting this. 

If you're open to exploring other areas in OH, Columbus is worth considering.

This is due to the  increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?

This is a very common agreement, in your space your problem and they also should have insurance that if its extensive insurance would cover it. 

The reason someone would not do this is why would someone want to lose $900,000? 

Thank you both so much for this information!

This has helped me in the past when a unit has been damaged and/or small items are misplaced like silverware, pots/pans, etc.

This is assuming you passed the 750 hour rule and the 50% rule to qualify as a REPS