We ended up selling for $590,000 when the market started to get hot.

This may work in a white hot rental market.

Do you have hot water?  

I would say rehab to rent is better at this time, rents are still pretty hot because so many people are priced out of purchasing right now.

The market will always eb and flow overtime so the market may be hot now but that does not mean after saving up over a year or two that it still won't be.

Find out the age of the systems (roof, HVAC, Plumbing, Windows, Hot water heater) this will help you determine capex budget.

Is it a strong mid-term rental property but they come in hot thinking it's a long term area?

Your LLC use to avoid DTI is just hot breath from someone who either is unaware of the conventional lending guidelines or is purposefully giving bad advice.

Finally, Ohio landlords can also take advantage of tax deductions and other benefits, such as the Landlord-Tenant Act of 1974, which outlines landlord rights and responsibilities.Columbus is likely to be a hot spot for real estate investors in 2023.

I currently have a tenant who's probably in the top 1% of earners in his age group--he has a six figure salary and could easily qualify for a mortgage--I asked him why he was renting from me, and he said "the market's too hot right now--I don't want to pay $700k for a house that I think is only worth $400k"And as others have mentioned, there are many reasons why some tenants might prefer to rent a single fam home over a multifam property, and these issues are often market-specific...Having said all that, there are definitely advantages to multifam properties (they tend to cashflow better, for instance)...everything comes with pros and cons...At the end of the day, it all comes down to whether the numbers make sense--which is why it's critical to know how to analyze properties & markets.Good luck out there!