Excited to be here :)Looking into creative financing for apartment complexes (30+ units).Forgive my "noob-ish" curiosity, just trying to explore possible options!

"(4) The principal amount of the delinquent taxes and the amount of accrued and accruing interest thereon and penalties, fees, and costs to the day of the proposed tax lien auction relating to each year of assessment.§40-10-184."

Just out of curiosity were there any signs that may of shown that the borrower would default on his payments?

Curiosity...

Ultimately I would say that your decision should take into account whether that $100 in cash flow at the fixed rate is likely to outweigh the interest you will pay over the course of the loan, divided by the number of years you have the loan, divided by 12 so you can get a direct comparison of that increased cash flow vs the interest accrued monthly over the term of the loan. 

Like Elizabeth said, in Ohio anything held in security over what constitutes one month's rent requires interest to be accrued and paid.

I found the following in "The CPA Journal":IRC section 163(d)(3)(A) defines investment interest as interest that is paid or accrued on indebtedness properly allocable  to property held for investment.

Just out of curiosity, what is it that a RE inclined CPA can do that a regular CPA can/may not?

Also, who is the PM out of curiosity?

For my own curiosity, I kept the conversation going: I asked for the conditions I could get when asking for a loan.