@Brandon WongHello, I put together a spreadsheet model a while ago for calculating IRRs on rental investments, as an attempt to capture comparable returns by discounting future cash flows (in REI you also hear about cash-on-cash, which is typically at a point in time), and it sounded like you are having a related predicament.

When you buy a home in Ohio for significantly more than its current assessed value, like $400K compared to the county's assessed $80K, your property taxes will likely increase, as the county will reassess the property based on your purchase price.Regarding your idea to have the seller transfer the property into an LLC and then buy the LLC: this strategy may avoid immediate reassessment, but it depends on local tax laws, and you should consult a real estate attorney to confirm if this is viable in Ohio.

Go visit all the other new/newer buildings around there to see what amenities they offer like dog washes/automation/business centers/fitness centers/package lockers/etc and compare the rents.   

You should calculate projected rental income and see how it compares to your monthly payments of $4,210.31.

I compared size, amenities, whether or not a property was rehabbed, parking, and location.

With your oilfield salary in the low 200s, you’re in a strong position to invest in a 4-plex, which can provide better cash flow and economies of scale compared to a duplex.

Similarly, investing in A-class single-family homes offers a different experience compared to C-class multifamily properties.What is your desired goal?

I would love to hear from others who own them to compare experiences.

And the price to enter is extremely low compared to other markets in the U.S

Be sure to compare the terms and fees before making a decision!