Best approach is to maintain a strong relationship with the inspectors.

Hello, Been in touch with Von Finch Capital and looking at their offerings (Denver based syndicators) and like what I see but would like to hear from people who have invested with them.

Also, stay tuned to the BiggerPockets Podcast and try to attend your local REI meetups to build up a strong network.

My opinion of Columbus is very strong. 

Are you interested in making max return based on market rents or are you just happy having a tenant and not having to do the work of finding a new one.If you raise the rent by $50 - $100 he may stay or go.

I guess this leads to the question where could I find an affordable LTR based on my budget.Would really love to get some advise what an experienced investor would do.

Also realize that the taxes on the unit that you are basing your purchase on - are the current owner's taxes.  

Unless you are local or have ties there you can replicate what you can accomplish there in many other markets, especially if you are just buying based on price and rent.

My advice is to speak to a few local HMLs and ask them for their rehab estimate spreadsheet, which most should be happy to provide.FWIW, based on my assumptions above, you can’t pay more than around $480k for this property.

While you're talking with bank find out if your next purchase would be based on your DTI ratio or if it would be based on the debt service coverage ratio of the prospective property.