I understand that I need to account for taxes, insurance, and other costs—Should I go with a LML and then do a refi later on?  

I am assuming this is in TEXAS (I am editing this as I thought I was in the Austin Fourm, I understand now that you might not be in Texas)  as each state has their own set of laws that property managers must follow.  

From my understanding, many require it be held in an entity name for compliance reasons. 

Market insights and understanding the rental rates in the neighborhood.

Drive around the neighborhoods to understand the lay of the land - if you have someone who will take you around and explain, better yet. 

Any recommendations of a good realtor who understands the needs of an out-of-state investor who works the Lorain area of OH would greatly be appreciated.

These resources, along with Dave’s inspiration sparked within me a passion for alternative investing and personal development.My PPR BeginningsDetermined to understand the business I was working in, I immersed myself in all things note and real estate investing related.

I don’t want to just cut cost though I want to understand what I’m doing and be super hands on.

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.To negotiate the deal, I started by understanding the seller’s priorities.

Thanks Brandon Rizzo for understanding here.