First-Time Out-of-State Investor — Looking at Columbus, OH for Rentals

Hey everyone,

I’m based in Oxford, MS and currently exploring my first out-of-state rental investment, with Columbus, OH catching my attention as a potential hot spot. From what I’ve seen in other posts and market research, Columbus seems to have solid rental demand and relatively affordable entry prices, especially compared to many other metro areas.

Here’s my current situation:

• I own one property here in Oxford that was our primary residence for 2 of the past 5 years.

• It’s currently on the market for sale, and we’re estimating around $160K–$180K in equity.

• Since it was our primary for 2+ years, we’re hoping to avoid capital gains tax using the IRS exemption.

• If it doesn't sell, we're looking into options to pull out some of that equity (HELOC, cash-out refi, etc.) to reinvest and grow our rental portfolio. Currently we have a 5.375% interest rate.

My goal is to use this capital to pick up a rental or two in a market with good long-term potential, and Columbus keeps coming up as a solid choice.

I’d love to connect with:

• Anyone investing in the Columbus area — What neighborhoods should I be looking at?

• Other out-of-state investors — What advice do you have for managing properties from afar?

• Agents, wholesalers, or PMs with local knowledge — I’m open to deals or partnerships if they make sense.

Appreciate any input, stories, or recommendations. Just trying to build smart and learn from those who’ve been there.

Thanks!

— Ryan