There are so many local ordinances that can get confusing.  

I agree local banks and credit unions will be better if you're planning on growing your portfolio. 

I would love to connect with the locals! 

And the plot thickens....I would imagine there is "in the event of default" language in the collateral assignment agreement that states what the lender can do to recoup their funds. 

@Hiren Patani Ask a local eviction attorney in your area for a referral!

While finding a local CPA is important, consider the option of working with remote professionals who specialize in real estate and small business taxes.

One thing I’ve noticed is how many licensed agents don’t fully understand the contracts they’re using or the local real estate laws.

How are values changing compared to the rest of the local market? 

A local couple who’se combined income is 300K and who sponsored the family’s immigration to US is willing to be co-signers for the family of 5.I am thinking that Party2 will put more miles on the house and may be harder to deal with in case of any complaints or eviction, though I am not an experienced landlord so I am not sure what are the factors to evaluate or what all can go wrong?

I'm a local real estate broker working in the Cincinnati and Dayton Markets.