In Columbus OH it's extremely tough to find deals that meet the 2% rule. 

That's extremely rare in my area - If I'm all in for 80-85% of the ARV I'm very happy with it. 

On the Agent side i use mailbox power and am pretty satisfied as you can also send brownies coffee mugs and other treats which i have found really do stand out from the crowd when somone is getting a ton of direct mail.

On the other hand, NOI and Cap Rate become extremely important because that determines value and to a large extent, the size of the loan you can get.The only point where this becomes a gray area is if you were to combine multiple contiguous properties and run them as an apartment. 

As others have stated above there are a number of situations that occur when an owner and tenant meet and the property is being professionally managed.To satisfy all parties you might ask your PM to provide specific details/pictures of the inspection that give you the peace of mind you are looking for. 

The county Covid eviction moratorium was the most extreme in the country. 

That would mean we got this during a very slight downturn in the market and didn't have to fight too hard to get the house.I can't say there is a very specific plan in place for this property, other than we are extremely flexible and could use a refi, 1031, or other strategy in the future.

@Kynly Cazeau usually first time home buyer programs are highly leveraged, meaning there is little or no downpayment required, or the downpayment is itself a gift or second loan.So if you bought it back in September then the property has an extremely high loan-to-value, for example 95%, 97% or 100%.

Remember, at the end of the day, if you work hard and educate yourself, real estate investing can be very profitable and extremely enjoyable and rewarding.

I figured it was not that simple and the process would be extremely lengthy.