There are potential opportunities but it is few and far between and you can find better returns in other markets. 

Once the property is renovated you can work on permanent financing, and you potentially have a property with minimal amount out of pocket. 

If you're looking for an emerging market with long-term appreciation potential, Columbus is a good market to research.

Plus, one of the biggest draws is the potential energy savings, which you typically don't even benefit from as a landlord if the tenant's paying the power bill. 

I need to fill a $65K gap between my cash on hand and a potential property.

Recognizing the untapped potential beneath the surface, I set out to forge relationships with both the sellers and the dynamic managerial duo.The key to this success story was my ability to be a problem solver.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.

With rental comps at $3300 and a potential mortgage surpassing that, you could end up putting money into the property monthly, so be ready for that and consider possible vacancy periods.

Recognizing these intricacies is vital for making well-informed decisions and maximizing the potential of your rental investment.b.

Hello I’m looking at potential deals in cobbs creek and kingsessing,PA for long term holds.