Real estate in Columbus provides stable cash flow and long-term wealth-building opportunities, especially with multi-family properties and value-add investments.

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

I do a lot of searches for multi-families in Cleveland and Akron so Im looking at the MLS everyday on these and I think you can definitely get better cash flow in Cleveland, especially in the 120k price range. 

Drop price $50 or $100 Wait 2-3 weeks and if no renter emerges drop it another $50-$100.

The cost of a sewer line is the same whether it is on a triplex or a single family home, but with a MFU you can spread the risk.

Multi-family real estate is something I am planning on doing after I graduate college and eventually full-time. 

Generally that means a separate bank account (no co-mingling of funds) and you are following the operating agreement, which could mean a meeting with annual minutes or showing that a vote was documented on decisions that require a vote as @Justin Polston noted.IMO LLCs are completely over-sold for single family.  

Also, sometimes they travel with their family so it may be beneficial to rent it out by the unit and not by the room. 

Investment Info:Single-family residence buy & hold investment.

A local property manager will make this much easier and handle the visits for you.Single-family homes can still do well, even with more apartments popping up, as they cater to tenants who want privacy and space.