If you have 2 very similar houses priced the same on the same street the nicer one will win. 

In your case this could mean with a 350K purchase price and a 75% LTV loan of 262,500 your prepayment penalty on a 3 year step-down option would look like this 3,2,1, meaning that in 1st year it is 3% of 262,500, 2% in year 2 and 1% in year 1.

We are hungry, eager to learn, and look forward to building an ongoing relationship with you.

.- And the rest of the 61k they're using to bring the price down from 370k to that ~310k So all in all 75k in incentives.

I think you should speak to an experienced Broker and get a price opinion and ask how your local market is.

OR because it’s really getting priced out of feasibility for investing in on market deals, and the off market deals are going straight to the hedge funds… it’s a fantastic city though.

As Patrick mentioned, I would be careful to be competing with the new builds and stick to more affordable price points or places with a large yard or no HOA that will appeal to a different group of people than the new builds will.

Congrats on being a landlord worthy of referrals, that is great regardless of your pricing.

Thanks again and I look forward to interacting with many of you!

I love house hacking in Columbus because you can get into the higher priced areas and leverage your money very effectively.