You would want it to appraise for $200k (assuming they require 20% down + closing costs) so you would then have a $200k loan but have received your $150k back to do it all again. you could also do this with a bridge fix and flip loan as well.

I've just purchased my first property, and I have a question for Ohio state long term rental properties.

I have a very easy and quick answer to your question and it's a no-brainer.Don't buy rentals in California.

None really reduce the amount of money they have to come up with, but if they are broke as a joke do you really want them as your tenants?

If you do not have something kind or helpful to say please refrain from saying anything at all. 

I'm looking to connect with local investors, agents, lenders, property managers and contractors who have experience in these areas. :-) 

Establish a wide safety buffer so you aren't broke at 80.

There is a ton of knowledge and experience on the site!

I have a small retail space that a prospective tenant would like to turn into a local coffee shop.

Networking in these groups will help you build connections and possibly uncover off-market deals.