Along those lines, if the owner gives you a very FIRM "NO" when you present your proposal to rent their home for the purposes of doing STR (short-term rental).   

If upfront savings matter, closing personally and transferring later may work, but if long-term protection and simplicity are priorities, paying for an LLC loan upfront is worth considering.

It seems like this would have to be some preset terms under employment agreements.

You will never get that back in terms of additional cash flow

This will be an excellent home for a starter home, small family, long-term rental, and definitely a really cute AirBnB.

If you already have a website, you can use Google Search Console to see what search terms your website is already ranking for.

Fast Turnaround: Unlike long-term rentals, you can cash out quickly and reinvest.

At the average rent point of Columbus ($1837), I believe the 50% rule is aggressive and your expenses are likely to exceed 50%.https://www.neighborhoodscout.com/oh/columbus/real-estateThe long term appreciation (this century) is average (3.84%) for the US but good for Ohio. 

Just remember, Real Estate is a long term investment and you are ultimately enjoying the appreciation and principle reduction. 

They pile up fast.If you’re serious about long-term wealth building in real estate, protecting your portfolio is just as important as growing it.