Good thing is its not the worst part of Columbus.. for $100k I would try to find something in Grove City but will be a struggle

The worst case scenario is that they say no.

At worst, the tenant can give you a 30 day notice to terminate immediately and you would keep most of the security deposit based on the timeline.  

Worst case above the $40K that fixing the floor could cost. 

And I'm fine with talking about the worst-case, bottom-of-the-barrel slumlords who abuse the system and their tenants.But if we're only talking about the extremes, where was the equal time spent talking about the tenants who move in and proceed to destroy the property.

So besides looking for 1-2% rule properties, any tips specifically on geographic locations? Trying to focus on multi units but open to SFH's too if the price/rent makes it worthwhile. 

worst case 3-4 move-outs your probably still breaking even or cash-flowing.

There won't be a "holy grail" location to invest in, so maybe start with places where you have friends or family or where you can find a trustworthy property manager. the worst thing you can do it sit on the sideline and not pull the trigger.

I purchased the notes on my current project before seeing the inside of it, so I had to price the note according to an "expected worst case" scenario.

Again, thinking worst case scenario, am I correct thinking my leverage is the tenant lease?