. $200-300 per month isn't great, so make sure it really makes sense to keep it as a rental.

Again, you can ask for a down payment, set up monthly payments that make sense along with a balloon payment when you want the contract to mature. 

We have one rental property now in our home state (Colorado).... and our purchase in Ohio will be with a conventional loan.So it's sounding like we will do this purchase without an LLC formation... it doesn't make sense right now.As we build a portfolio, it may make more sense to do so, but it's sounding like -- from advice here -- it may not be necessary (or be of much use tax-wise).Thank you!

I'm still having to run the numbers on each project and see what makes sense.

You need to decide what makes sense for you.

To me this actually makes a lot more sense for people dumping $50-$100k into an investment. 

I haven't tried direct marketing... definitely makes sense.

-Does the business plan make sense and is it explained in plain English?

I don’t see how those numbers make sense…I’m considering paying some contractors to walk an on market house with me (that I don’t intend on buying as the numbers would never work) just to get an idea of their costs.

Not sure if we'll do more, but it surely won't ever be high volume...so expensive or highly customizable solutions don't make a lot of sense.