They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.

I moved here from Los Angeles two years ago just for the real estate market in Columbus.I would definitely recommend finding an investor-friendly agent in Columbus that you connect with and who understands your investment strategy.

Carefully review your insurance policy to understand the terms and conditions.

This is a great place to learn and to connect with people so take advantage of all the great resources.

If you never built before, then understand all the process of how much it takes to build a new home/modules before strap down all your cash in one place.If the number doesn't work for your current search, then keep on looking... instead of getting stuck on a bad deal that mitigate you from invest on potential good deals.Good luck

Those are all things a calculator does not understand. 

Do deals that work for you in your situation and don't worry about what other people think is a good or bad deal. 

I have lived in Midland my entire life and feel like I have a good understanding of the bubble this area is in with oil and gas and how it affects home prices.

I understand there is crime there, just like many low-cost areas, but I reached out to a rehabber about taking some photos of properties for us and he told me to look in other areas because of the high crime rate and that "it just keeps getting worse." 

Watch the cameras on check in day and count people coming in?