A rental that was recently renovated should rent for more than a "tired" rental.When we send rental comparables to our clients, we always include a few interior pics (if available) so we can show owner how the quality of their rental compares to competition.

Exit & Resolution PlanningStress tests also consider what options exist if conditions deteriorate — such as restructuring, foreclosure, or selling collateral — and how long and costly those paths might be.How It’s Used in PracticeImportantly, there isn’t a single “official” or universally standardized stress-testing method required for real estate note deals.

It is tough to build here, and yes, high rents and a high quality tenant poolCash flow here around owner occupant quality homes can be looked at as a means of keeping the investment viable while these factors start to work.  

So while $50k–$60k deals exist, many investors are finding better risk-adjusted returns by buying slightly higher quality assets in strong growth markets like Columbus.

They offer a good balance of quality and price. 

Just around median is where you want to be in my opinion.CoStar has a similar rating system for Apartment Complexes, widely seen as an industry standard:5-Star (Luxury/High-End): State-of-the-art buildings, newest construction, top-tier amenities, high quality, premium pricing.4-Star (Upscale): High-quality, above-average maintenance, newer construction, premium features, but below 5-star luxury.3-Star (Mid-Range/Workforce): Average quality, older buildings with more limited amenities, mid-range price point.2-Star (Value): Functional but basic, minimum structure and systems, often older with limited appeal.1-Star (Needs Renovation): Generally older properties requiring significant updates and major renovations.

Many people here are renting, especially younger people since it's cheaper than a mortgage payment so there are lots of high quality tenants willing to pay high rent. 

There is no air tight method.

House hack is the best entry level investing method in my opinion. 

Patience lets you scale in a very methodical way.