All your concerns about debt will not be of consequence with this type of loan provided you don't have outstanding judgements, tax liens (maybe your IRS situation, but mostly property taxes), or bankruptcies, foreclosures, short-sales, etc... 

Sometimes if people are going through divorce or bankruptcy they may want to prepay up front so thats the only concern there.2) Are there any Ohio specific regulations I need to be aware of?

., good income stream, no bankruptcies, past due loans etc.Having said this, I worked at several lenders earlier in my career.

Additionally, the borrower can’t have late payments, foreclosure, judgments, or bankruptcy on their credit for 24-36 months. 

I remember everyone telling me to get a bankruptcy attorney and I didn't have the money for it.

v=nASeOhTJElcHe recommends getting a list directly from the county based on Divorce, Code Violations, Bankruptcies, and tax Delinquencies.

Any eviction or bankruptcy filings?

You are going to have to guarantee the LLC and usually your home, retirement accounts, car and similar "primary" assets have a good degree of protection from being seized in a law suit or bankruptcy situation anyway. 

Shortly thereafter, Great Western filed bankruptcy and Mendelsohn died.]In the 1970s, a man named Tom Maney began working for Great Western Cities.

Who knows how long state and local agencies will drive us into bankruptcy?