They have a HELOC of ~$60kNumbers:Comps suggest ~$199.5/sqft (max 2,020 sqft)Estimated ARV: $335k (based on comps)Potential rent: $1,975-$2,000/monthQuestion: Do these numbers seem reasonable for the Braselton market?

How much would it cost for material and labor for a 985 square-foot house?

Cleveland is a great rental market, with a low cost of entry and strong rents. 

Given some of the issues that we have seen with my mom's old house which is in the suburbs of Pittsburgh I know that costly repairs could be hiding somewhere.

The lender tacks on a lot of costs as the mortgage becomes delinquent and goes to foreclosure.

Besides hiring a realtor to do a traditional listing or selling to a "cash for homes" company, what other options might I have for finding potential buyers?

Any opinions out there on if I would have any legal right to get the earnest money returned to me or should I just be happy he is willing to let me out of the contract and consider the $2,000 em cost of doing business?

I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications. 

My question is this, would the cost of upgrading the panel and adding the mini split make sense for a rental?

The house we are moving to costs $400,000, and we plan to use part of the loan amount for the down payment on this new house.