I jumped into this property hoping to house hack/buy and hold after I transfer out of the area.I had some hubris after my first investment and am still naïve in the investing world.

Unlike our real estate investment, there weren’t hefty transfer fees involved in either the purchase or sale.

Start by using a land trust and transfer the deed to your LLC later, once you’ve acquired a few more properties.If you’re willing to move and remodel, consider getting a 30-year loan on your next property.

Promissory notes are transferred by endorsing the back or a document called an allonge.

Plus, other routine tasks like transferring loans and providing payoffs were way more difficult with them than it should have been.

So if I was dealing with a seller who was insisting on handling the transfer this way, I would be wondering what the seller is trying to hide... and I would figure it out.

@Matthew Drouin Are you aware of the tax benefits and cash flow opportunities with 179D and the use of Green Zip Tape as well as cost segregation on this build-out?

I found a seller who is motivated to sell his property at a pretty steep discount.My plan is to put the property in escrow on an executory contract/land contract with the condition that the title will transfer once the seller receives his funds.

These are really questions for your attorney - the more typical scenario for a jv like this is you have a new LLC where you are the manager of the LLC and the investor also owns a percentage of it.that way you don't have to deal with transferring it etc. 

or perhaps a reverse build to suit where the data center operator controls the buildout and the planning etc.I've not been involved in a data center first hand but the central OH market is pretty data and warehouse heavy as far as developments go and to echo the posts here, the power requirements are wild, and the red tape to get that power to the site is often cumbersome.