Because you are investing in Ohio, cash flow will be the primary criteria that determines the expected return (Columbus may be an exception that appreciation may provide more return than cash flow).  

@Chris HamrickIn your contingency section of your offer to purchase, list a right to get out if you inspect things like plumbing, and the cost ruins the deal for you.A plumber should have no problem testing pipes at certain points to determine leaks or viability of the pipes to be repaired.No Gas should not be an issue.

https://www.wlky.com/article/c...More signs of our healthy market!

This can be an easy way to gain access to liquidity for the average person.

Let me know when you are back home and we can get a coffee/beer and talk.Thanks!

My house is the lowest point on the property and though it hasn't rained since we moved here in April, neighbors have told us it can be an issue during heavy rains. 

Hey heather would love to grab coffee.

The property is zoned single family and I called the city zoning who told me that it wouldn’t be an issue to rebuild should something happen but the appraiser said the highest and best use was a SFH.

I believe it's at a discount because they have a smaller buyer pool due to the purchaser having to be an investor.

Here are some important things to consider:- I am pretty much at capacity running my RE business, so I don't have a ton of bandwidth to do it all myself- Let's presume my opportunity cost is such that pulling away from my RE business to "do it all myself" for these rentals is not a good use of my time, as I'd earn a higher dollar per hour being the CEO of my RE business than the dollars per hour savings trying find off market deals (I.e. saving 20k and trying to do the rentals myself would cost me more than 20k of lost opportunity cost by pulling my attention away from CEO level tasks at my RE business, which might generate 40k of revenue for the same time)- By the same light, turnkey could be an option, I'd be willing to pay the turnkey premium for the time savings of finding and vetting my own deal, however I know I'd still need to underwrite my own deal provided by a TK company, so having someone who can help that underwriting process would be super valuable, rather than me trying to learn from scratch how to properly underwrite the deal.