My partner and I are fresh into the real estate investment market and want to learn as much as possible.

There has been some hesitation for me to sell due to the fact the rental market here is averaging $2,500 in rent for my area and property, I make great money now and have funds to cover vacancy and repairs on the home, but I would like to be able to afford a nice rental for my fiance and I to live in while we save for our primary residence.Shoild I sell and take my profits (60-70k net) and throw into an investment closer to where I will be living or should I rent, cash flow and build equity in the property. 

For those familiar with this market; what is bringing the guests (tourism, professional, mix of both)? 

If not I would be paying market prices.

Issue is he is paying 750$ a month for the 3br/1ba unit, market value for the area for the same type of unit is $1,819.  

It is still advisable to see what is on the local market and see what is selling as you develop your plan to renovate a property. 

Let me know if you are interested in out-of-state investing in the Memphis, TN market!

You paid the market price and own the liability.

Our efficient project management and timely market actions resulted in a strong return on investment.

Columbus is a great market to look at as it is one of the top growing markets in the US right now.