Given the interest rates are trending higher I would proceed with caution as prices tend to work inversely based on interest rates i.e. when rates rise prices fall when rates are lower property prices are higher.

Broadway (N: N Broadway | E: I-71 | S: Ackerman Rd | W: Route 315)Worthington EAST (N: I-270 | E: Railroad west of Huntley Rd | S: Chase Rd | W: N High)South Clintonville/Clintonville/Whetstone/Indian Springs/Beechwold (N: Morse Rd | E:Indianola Ave | S: Glen Echo Creek | W: Olentangy River)Brookside Village/Woods/Estates/Colony (N: I-270 | E: Railroad east of Perry Park | S: W DublinGranville Rd | W: Sawmill Rd)Northeast of Upper Arlington (Riverview/Cranbrook/The Knolls/Knolls West/Northcrest/Henderson Heights/Olentangy Commons/Misty Meadows/The Gables/Sycamore Hills/Olentangy ParkDublin School Sliver, East of Scioto River (Sawmill Ravines/Hayden Falls/Crown Ridge/Sawmill Park/Greystone Mews/Dale Center/Meadowland Heights/Sunnydale Estates) Railyard/Hilliard Green/Sweetwater (N: Scioto Darby Rd | E: I-270 | S: I-70 | W: Spindler Rd) HilliardEast of Hilliard: (N: Tuttle Rd | E: Scioto River | S: I-70 | W: I-270)BlacklickGahannaSouth of Powell (N: Jewett Rd | E: Route 315 | S: I-270 | W: Sawmill Rd)Crosswoods

Going back to my original recommendation, start hanging around other investors and things will start to fall in to place. 

I think this idea falls into that bucket.

A DP2 and DP1 policy provides less coverage and would mean that the losses would need to fall within a certain type to be covered.

If so, I'd replace the floor before renting because it is easy to fall through, and a big liability. 

Hello All,My partner and I are looking for someone to act as boots-on-the-ground in Whitehall (Glens Falls), NY.

There is a lot more interest in this area but many travelers say contracts are falling off in pay.

We are managing, buying and selling RE from Niagara Falls to Lockport, all of Buffalo and down into the Southern Tier. 

If rates fall in 2-3 years, you'll want to refinance, but the penalty will hurt.