The price point will be determined by how much time you spend searching for properties (MLS vs Wholesalers and private sellers) and how much work you want to put in to get it cash flowing (level of rehab and sourcing and selecting tenants).

Speaking of networking, I'm currently looking for an attorney & CPA to help with a proper corporate structure for my current situation and plans.

@Charlie Moore, the challenge I have with this question is: how are you planning on calculating CoC returns.  

For more info, here is a link to the Hilltop Land Use Plan provided by the City of Columbus. 

I recommend spending 30 minutes every month watching the rent rates in your market so you always have an idea of what yours would rent for should you have a surprise vacancy. 

The town requires plans, proposed text, detailed narrative, and design guidelines before they'll accept the proposal. 

I personally would put the property into an LLC as part of an overall plan to protect my liability.

You owe him nothing, he isn't your friend, and he seems to dislike you based on your personal choices so I certainly wouldn't spend a single second worrying about his feelings.

On top of that if your spending 65-70k I would assume your doing mostly cosmetics with touching up the mechanicals as needed which is a good starter rehab as well.

I'd plan to own it about 18 to 24 months.