If you are open to any location and have that much cash, I'd look somewhere a bit closer like SLC metro, Reno, Vegas, Arizona, or other growing markets in the western half of the US over Columbus. 

I don't necessarily have the time for a reno/flip and I'm constantly travelling.

Background:Miami-Dade Condo property.I am a first-time seller.No mortgages or loans on my property.Standard Florida Realtors Association / Florida Bar AS IS Purchase Contract.Buyer in default on various provisions and must proceed to purchase as a cash purchase, per contract, so there should be no financing related title charge son my end.Contract only lists the following seller/closing/title fees:A.Documentary stamp taxes and surtax on deed, if anyB. 

The client generally purchases the right to use the plan one time.

It's a very common mistake where an investor sold and bought properties and then when it's tax time they find out they didn't do the right process to actually qualify as a 1031 exchange.  

I was planning on putting aside money each month to go towards renovations each time someone moved out.

The investing life before Jake was difficult, lonely, stressful, overwhelming at times.

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

I did enjoy bourbon from time to time and my dad does too. 

@Juliette Holm I recently had a meeting with a long time commercial real estate developer who had also built, bought, and sold several businesses as well as personally owning some residential rental properties.