Separately, the ordinance says there can be a 50% rent increase if $8k is spent.

You have to talk with your mortgage providers to see if they are allowing you to move them to an LLC.In rental is good to have an LLC for liability however for taxes there isn't a big difference in small investments.Your credit report won't show the mortgage anymore but you still have the liability in your history.

The building is partially occupied by the current owner who would be moving out with the remainder of the building leased to various mom/pop tenants so this would not be a turnkey deal.

On average, 80 people move into Columbus weekly.

the ARV metrics, I will like to understand that better, the market is all over the place, but I see that the best rehabs are moving fater that the cheapest houses 5.

Start with cosmetic jobs first and then move on. 

Please note -- although this is separate from property management, IF your PM handles this for you in addition to traditional property management, is the fee you would pay them for this different than if it were a completely independent construction manager/overseer not already associated with the apartment complex?

I moved here from Florida after seeing the projected growth.

It’s got great bones and potential but I’m just at a loss as to how to move forward. 

We often find that tenants have not entered in maintenance concerns, didn't change filters, and even moved in pets.