Starting an LLC can be a smart move. 

Basically, I want to make a smart financial decision.

@Eli JoffeTo make smart choices for your first rental in Cincinnati, look at key numbers: buy price, fix-up costs, closing costs, monthly rent, mortgage, management fees, vacancy rate, and upkeep costs.

You may want to smart small and emulate from the basic. 

Smart to do? 

I don't think it is smart to tie up all your equity in one property so that way you can break eve. .

Eather way if that dog gets to the fence onto your property you can expect it to bite someone, so fixing the fence to prevent that is probably smart.

As discussed by many others, holding the property in a LLC is also smart so that if there is a lawsuit, the maximum exposure is what the LLC owns - the house. 

You borrow from yourself and pay yourself back.Has anyone had any experience with this strategy - I’ve only ever heard bad things about insurance, but it sounds like a very smart financial base, especially if you are looking to build a massive real estate portfolio.

I know the smart move here is to close with the property vacant and will be going forward with that plan and redoing the mortgage process again with my lender for that new closing date.