Then again, if you’re talking about a mortgage on your personal residence, and you live in a state with an unlimited homestead exemption for creditor attachment like Texas or Florida, there’s an asset protection consideration as well.   

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

Not the cash flow play a lot of people expect. 

I can imagine it is considerably more work as well as I plan to manage myself.

You can still easily find the 1% rule and positive cash flow and there's amazing appreciation potential.

If the work needs updates, that’s where it can add up, but $30K sounds like a reasonable cushion based on what you’re describing.It sounds like a solid deal, especially if the cash flow is good.

That is your denonimator.You also take the cash flow you get from rent minus all your expenses, so at end of day how much $ is in your bank account for the entire year.

Columbus in particular has been a strong market for both approaches, with solid fundamentals for long-term appreciation and cash flow.

I have done extensive research in the risks, how to structure such deals to mitigate those risks as effectively as possible, and legal considerations of each strategy. 

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.