Happy to hop on a call to speak on the difference between the Ohio markets.

And did you hire a construction company?

What companies offer multi-family insurance coverage?

Sounds like a minor change, but this difference is basically a 3x difference in the effective tax bill for most properties. 

If the profit margin is tight and $500 makes a difference, see if you can save $$$ elsewhere.Interest rate buydown or seller assist is common place thanks to the jump in interest rates. 

The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

There are many different successful strategies depending on your cash, borrowing ability, rehab skills, time, local contacts, or lack of any or all of them.

I run the company with 2 partners as an LLC and do not have any employees.

I'm new to investing in the Baltimore MD area and im seeking out reputable contractors and contracting companies.

Finally, preparedness for market changes is essential; developing plans for different market scenarios ensures you have strategies in place for various outcomes, and maintaining a flexible approach to your portfolio strategy allows you to pivot as market conditions evolve.By implementing these strategies, you can better manage the risks associated with market normalization, maintain your current returns, and position yourself for further growth over the next 3-5 years.