Quote from @Mitchell Coles: In Ohio, property liens are typically recorded at the county level, making the County Recorder's Office a valuable resource for property research.

If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.

I racked up debt, at times putting expenses like property taxes on a line of credit.

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

The property has a decent-sized lot with a carport past its shelf life.  

@Tomoko HaleWith STRs its not just purchasing the property. 

My brokerage sends a weekly rate sheet for typical debt sources for multifamily and commercial assets (bank, agency, cmbs).

Thoroughly analyze properties and locations to identify opportunities that align with your investment criteria.

Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.