Brandon,Check out Indiana & Ohio for states that you can buy 2-3 for that amount of liquid reserves. 

Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

Welcome to the community and be ready for a huge amount of information at your finger tips.

Due to the market conditions I wanted to have a good amount of equity in the building so I only refi'd 50% of the purchase.

I am very interested in real estate investing and flipping (I have a decent amount of construction experience) I was wondering what some good resources are to look at when evaluating a property, especially in the Dayton / Cincinnati area.  

If there's only 1 meter in the property with multiple tenants, its easier to bake it into the lease amount to avoid headaches down the line. 

You have 100/mo x 12 = 1200.You take the cash you have at end of day and divide it by the amount spent and that is CoC. 

The amount of money you make is in a different digit.

Which will also depend on the neighborhood.You want to, "rehab/maintain to the Neighborhood".Most investors go overboard on their first rehab and waste a decent amount of money.

With the current mortgage rate constraints affecting how many buyers are willing to enter the market we are seeing a lot of borrowers have success with the BRRRR strategy with plans to sell in the next 3-5 years when interest rates go down.Researching potential LTR and STR rental amounts and seeing if holding for a few years is a viable option is a good analysis to do well.