If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

I would even suggest a Primary home or Vacation home to pull the cash out of versus trying to find a lender who will agree to be in 2nd lien position behind a investment property.

My PERMANENT portfolio is my SDIRA; I try to buy more solid performing notes that I won't need to work on (although they haven't all panned out that way...). 

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

Some of my most recent client closings have been a turnkey 3/1 single family house for $120k and $5k in rehab needed and currently rented out for $1550/mo to section 8.

OH is an escrow state, so i would have your agent reach out to the escrow officer and let them know you are cancelling the escrow, and which contingency you are exercising (whether it be appraisal, loan, or otherwise)... and ask when you can expect your EMD back in full.

Hope to see you out there winging and slinging.

My plan is to live there for a year then move out and rent the 4th one.  

Currently we do about 10 wires a month, Chase charges $30/wire unless we keep a lot of money in there, which we have been paying.

I would get with the city asap and find out all the details on this.It could be possible that if the LLC changes hands that it loses it's exemption.