There are so many reasons to why people would buy a house that are emotionally based and this might apply for this situation.

Make your offer based on the current rental income.

The price of the property, and what the bank will finance, will be based on the income the property produces, the Net Operating Income (Gross revenue minus expenses) divided my the Cap rate.

I don't know much about the Columbus market but I'm sure others will chime in shortly.I will say this... judging a market based on what you see for rent on Zillow is generally a mistake.What are you comparing the number of listings to in order to determine it's oversaturated?

From my understanding you about have to install a pool in AZ for a STR.

With that said, based on your comment that the income you receive from the S-Corp is not enough to qualify for a traditional mortgage, you may have to consider other ways to acquire the property such as owner financing or lease option. 

I'm looking to form a simple tax strategy based on a very small portfolio, I want to do it right while taking advantage of all the tax advantages that come with REI. 

I am not on Pricelabs yet but looking at the rates for March, they look like what I would expect them to be based on our previous analysis.

Hey Bigger Pockets Family, I am recently transitioning out of a W2 based job to become an MLO full time as it being my part time gig was making me more money most months then my full time job. 

I saw your post in this thread as I am also looking for a Ohio based CPA who is experienced with Real Estate Investors.