So I consider this a huge success in comparison to the alternative.

Alternatively, you could form an Ohio LLC.

I think that this could work, assuming you have AT LEAST one, but preferably two alternate exit strategies in place in case something happens and this guy cant honor his commitments. 

I was thinking of setting up this product - https://adr-products.com/You can get one on Amazon for $48.00 and it seems like a decent alternative.

Buy an apartment building, rehab the vacant units, and sell property once fully stabilized (with an alternate exit strategy of refinancing with a commercial lender).The acquisition and construction will be financed by private money, the renovations performed by a GC, and the property listed and sold via a traditional agent.  

Are there alternative options? 

To answer your question, I plan to make RE investing a part of my current portfolio for diversification purposes (other than my primary residence of course) and I'd ultimately like this to be a replacement an alternative to my regular work.

We felt good about giving them some options and more time to find alternative housing.  

Your other alternative is HML.

Hoping to find an alternative, thanks!