I would advise running your rents conservatively and vet property managers properly before signing anything.

Readers are advised to seek professional advice.

Any recommendations on lawyers to talk to that can assist in advising on an LLC fund (if needed) and how? 

Also, why do you think so many people are advised to get an LLC when starting in RE investing? 

I would send a lease violation notice that advises the tenant that they have violated the no smoking provision of the lease and that it needs to be cured immediately - to include complying (not smoking) and remove any odor/damage that may have resulted.

Any advise would be great. 

Any suggestions or advise on HELOC’s are greatly appreciated as well. 

I was advised today by a retired real estate professional, who is licensed, that if you offer an application to someone for a loan, you must be licenesed by the DRE.

It would take you a life time of cash flow in Ohio to get that return.I would strongly advise you against paying cash for a $100k property.

And also I inherited the tenant and havent signed lease with them been advised to better honor the same terms of the seller until their contract finish.