I have seen OHIO prices and they look double but taking a huge risk since I won't be there to manage it.

Using a HELOC for a down payment on your first investment property can indeed increase leverage, potentially impacting your financial stability.

Based on current rent not potential rent max price should be 900k to be able to cash flow property. 

There are a few problems, however.Using a HELOC puts his and his family’s house at risk.

The expedition into these territories, however, mandates a vigilant approach towards risk assessment and a deep-seated understanding of the geopolitical landscapes that may sway trade relationships and market equilibriums.Empowered by Knowledge-Driven Decision MakingNow, more than ever, the essence of informed decision-making cannot be overstated in its role as the bedrock of investment success.

Outdoor space, including parking, living areas, and potential expansion, can enhance the property's appeal.Location should be considered, as properties closer to tourist attractions may command higher rental rates but may also come with higher purchase prices.

While the 4.9% Cap Rate may not be high, it may be fitting for the risk/area.

I should have insured the homes, sold them, or done something to mitigate this risk.#2 Selecting bad tenants, there is nothing worse than selecting a tenant that pays you a deposit and months' rent then refuses to pay you again.#3 Allowing a tenant to pay a deposit via a non-profit.#4 Not charging big enough deposits for nicer homes, I have had many recently renovated properties that tenants have destroyed.

Focus on the numbers, finding/buying/creating an opportunity, and maximizing the potential.

Are you in this to risk it all and make a quick buck or you are in this for the long haul.