Should I apply the simple math of average price per sqft in the area times the added sqft? 

Is that off the appraisal value or the purchase price? 

A couple of investors I know who invest in the deeds (not in Fulton) do so for the interest on the price paid.

After doing this, I then run the property through Airdna.co and/or Mashvisor.com Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc.

Credit score- the higher the best. 760+ generally gets best pricing for investment property loans with most lenders2.

For simplicity sake, let's assume a 40% expense ratio, giving a net operating income (NOI) of $216K.If we were to buy at their asking price of $2.99 million, we'd be looking at a cash-on-cash return of 7.2%, and that's without factoring in capital expenditures or debt service.I'd say this one has a looong way to fall before it's a deal!

., how much cash do you have to deploy and what is your price range to purchase, do you want to invest locally or at a distance, what ROI are you looking to get on your investments and does the inventory in your market support that, are you looking for turn key or are you trying to force equity into the property, are you looking to house hack or are you doing a 20% down and rent it out right away. 

I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).

Purchase price: $245,000 Cash invested: $60,000 Contributors: Ellen Peterson A large four-family buy and hold project that will net approx. $2,300 a month after stabilization.

These are areas where you can cash flow in Columbus because the rent-to-price ratio is favorable.