Listing prices/property taxes are awesome and rent prices look good as well.

I don't want to speak for Joseph, but yes the $230 accounts for all expenses (taxes, insurance, mngt, debt service, future vacancy & future maintenance reserve). 

I'm just looking for a break even property. also take into account taxes.

Expenses and taxes can be a confusing part of real estate.  

However, I'm still open to choosing Columbus Ohio if it's a better investment than the Philadelphia area.My priorities are:- Landlord friendliness (I don't want to get stuck in a location where its hard to get uncooperative tenants out of a property)- Friendlier Short Term Rental laws (AirBNB, etc) - Ideally lower property taxes (Not a huge concern if there isn't a big difference between the two)- Better cash flow (If the different purchase price to cash flow is substantial, I'd want the better cash flowing area)Which between these two regions would you recommend?

I am not that concerned right now given I think there will always be mechanisms in place to avoid it (move into one of the units as an owner, move a family member in, do another renovation, etc) but want to make sure I am not making a big mistake here.Thanks all!

If you are a tax accountant, get thru that busy season. 

In the 40% tax bracket this reduction in taxable income could save you around $2,000 in taxes per year, which would add $2,000 to your net worth.

@Neera MelwaniI recommend finding a tax strategist specializing in real estate taxation.

I also jJust ran a report for "total rent" (w/o cleaning fees & taxes) and while the 1st QTR(Jan-Mar) trailed lower, all my Smokies properties exceeded last April's total rent except one was lower by $98.