Getting to know the towns, neighborhoods, streets and actual properties is essential and far more important than just one town name versus another.At this point, you don't know anything about your future tenant, so I wouldn't assume they are trying to get to the city.

I would bet the most of us self manage.

I would say your best bet is to see if you can purchase a home with an assumable mortgage. 

Hi Bob,If the LLC is a single-owner LLC, is it still crucial to have an attorney create the operating agreement versus a service like LegalZoom?

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

It could give you insights into how the deal is looking versus what is being reported to you (hopefully this aligns pretty closely).  

This is the portion of your payments that is applied to reducing the principle on the loan versus paid to the lender in interest.

You are relinquishing a lot of power, and when you are constrained by time, like a lot of the bridge debt out there, you're taking on additional risk.That being said, if you have a terrific opportunity and can execute, you need to weigh the cons versus funding your deal

In my opinion, Baldwin County is probably your best bet if you are looking for long term renters instead of yearly turnover.

If not, I’d bet there was no partnership return.Assuming a 50/50 split, you should take half of all income, expenses and profit and report that on your return.