I thought of selling back to the seller at the same price, and take the 12kish loss on repairs  I doubt they will take it back.. check your note to make sure you dont have personal guranteesNoted, thanks Jay!

The primary residence unit does not qualify, so the purchase price must be allocated between investment and personal use.

This gives them significant control and security.Joint Venture Agreement with Personal Guarantee: We establish a Joint Venture (JV) agreement that includes a personal guarantee, providing an additional layer of security for our investors.Memorandum Filing: We file a memorandum in the county where the property is located.

There's some connection you have to this person with money who is looking to invest it short term and collect an x% return. 

I'm sure there are great, stable areas in Columbus but I'm not convinced the appreciation has been as strong as most would lead you to believe.I don't know much about Cincinnati, but one glance at the median list price over the past 5 years (attached below) would be enough for me to write it off as not appreciating.I'm personally partial to Detroit and that's where I invest and do a lot of business with other folks as well.

Are there local hard money lenders that will actually talk to you or is it pretty hard to get a real person on the phone?

He might be a good person to connect with. 

You will be sued personally and everything in your personal name is unprotected.

So, the total base move-in costs would be $2500, all paid prior to lease signing.Since choosing a place to live is a very personal decision, please feel free to do a “drive by” of the property, located at 123 Main St., so you can get a feel for the neighborhood.

If you are buying in a LLC there is typically a loan agreement and personal guarantee that is common