.$625 might be pretty cheap for your area, which could mean you have opportunity to improve / raise rent, but it also might mean you are dealing with a tenant population that is a bit tougher to manage.

I'm still trying to buy my first multifamily in Columbus so I'm almost certainly not going to do it with all cash but I'd still be interested to see what sort of inventory a wholesaler has that I've not found...

Hi Scott and congrats on your life improvement. 

I will likely be making a cash offer of $43K, estimate to put approx $20k of improvements into the property, and inevitably would seek a cash out refi. 

If you never raise rents on an existing tenant in a rising market, you may end up way under market and not keeping up with increases in insurance, taxes, planning for future capital improvements and other expenses.Small increases when the market is rising are a very good way to keep a good tenant as they won't find anything better when they look around as long as you keep it on the low end of current market.    

There isn't a ton of inventory where I am.

Hello,The inventory of investment grade SFRs has completely dried up in my target markets on MLS (foreclosures and short sales).

I am doing this purely to improve the look of the house.  

@Mike WoodLot is $12600 - lots are cheaper here since the developer does not have to pay for the infrastructure improvements. out of pocket.

Any particular region in Texas, where the inventory has increase to get good opportunities for Buy and Hold?