Gemini AI can help:Key features of an Ohio Land Contract:Installment Payments: The buyer agrees to purchase the property through regular payments over time, rather than a full upfront payment.Seller Holds Title: The seller retains legal ownership of the property until the full purchase price is paid.Agreement Length: The contract typically extends beyond one year.Property in Ohio: The land in question must be located in the state of Ohio.Improved Property (usually): Land contracts in Ohio normally involve property with a dwelling on it (a house).Here are some additional points to consider:Recorded Contract: A valid land contract must be recorded with the appropriate county recorder's office.Contract Content: The contract should include specific details like the names of the parties, property description, purchase price, payment terms, and down payment amount. 

Most “cheaper” and “regular” rental places though don’t generate enough income to worry about taxes anyway so it’s a non issue for most people.

The owner gets cash, the investor signs a sales contract with the owner, and then proceeds to redeem the property and takes possession through a regular sales transaction.  

Due to the market appreciation during the last few years of regular payments I was able to remove the PMI from all loans except for one.

Regular check-ins and setting clear expectations have helped me. 

I feel like those kind of fixes can be estimated when getting a house inspected and appraised. knowing when a new water heater was put in or when a roof was replaced, these all have life expectancies and yes accidents happen but if this is happening on a regular basis for you, like I said, I have concerns.

Batteries last 6-8 months with regular use4.

I know the city inside out and lived there for 20 years, visiting regularly.

And I’d imagine a bit less in closing cost since unlike a regular loan there aren’t normally closing cost but a 0.5% Va funding fee.

A "regular, average" buyer would need to put 20% down on an investment property.