Eviction went to trial last week and that person just started making repayments for missing rent and attorney fees.

Keep in mind tax preparation fees as well as you grow as you will now have  state tax return needing to be filed as well as the federal. 

It's known for it's strong appreciation factor, low taxes, and also because it is a land-lord friendly state.Have you invested in the Cleveland or Columbus market before?

Splitting all start up fees and go forward expenses.

This focus on NOI is a significant factor in determining the financial viability of MF investments.But sales comps and the impact of market dynamics on property values also cannot be overlooked.

I owe $454k on the mortgage and after realtor fees/closing costs, i could net $200k with no capital gains tax. 

Remember to factor in depreciation and capital gains tax when deciding to sell or not.

Can usually allot 5-10% vacancy factor and same for maintenance.Class B usually also okay, but needs more attention from owner and/or PMC.

This will remove all the factors you mentioned such as managing, keeping with the landlord laws etc?   

This means your cash out proceeds would be 80% of the appraisal value, minus any fees associated with the transaction.