As a Value-Add there is also the original carriage house that is a detached structure to the property that we'll be doing as a permitted ADU / Tiny House.

This is the problem I observe with most when in comes to entity formation and asset protection. 99% of the individuals who post questions in these forums are for some reason pushed to believe they should at least research entity structures that are completely unnecessary.

A common structure is either a debt arrangement (where the investor loans the money and gets a fixed return) or an equity split (where they share in the profits).

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

Any suggestions To hedge your future tax in Ohio specifically, make sure the entity purchasing the property is structured in accordance with Ohio municipal code 5709.

If any portion of the building or structure is occupied by the taxpayer, the gross rental income from the property must includes the fair rental value of the unit occupied by the taxpayer.IRC 168(e) defines a dwelling unit as “a house or apartment used to provide living accommodations.

They are more sales than solutions IMO.Also be careful regarding the "structural engineer".

It's always best to consult with a real estate attorney to make sure you're structuring the deal correctly.

I'd be interested to hear more experienced investors' opinions on this structure.

It sounds like the city ignored a lot of complaints about structural concerns from tenants for years, which is concerning.