You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

You are going to be paying a lot to have someone living in it.While you are living with your in-laws, continue to put aside the money you'd be paying for the mortgage (after the house sells) and save it up. 

So the law says if it is NOT homestead, not ag, not minerals, the redemption period is only six months. 

I have a buddy that's very successful in D Class areas.He drives around all day putting out fires, getting in literal fist fights from time to time, throwing people out of their apartments or changing locks when they leave, constantly breaking the law because they are "civil matters" and he knows the tenants won't come after him, and shaking folks down for late rent.I'm sure folks in A Class areas are doing the same, right?

When you buy a home in Ohio for significantly more than its current assessed value, like $400K compared to the county's assessed $80K, your property taxes will likely increase, as the county will reassess the property based on your purchase price.Regarding your idea to have the seller transfer the property into an LLC and then buy the LLC: this strategy may avoid immediate reassessment, but it depends on local tax laws, and you should consult a real estate attorney to confirm if this is viable in Ohio.

You can contact the law firm who published the info also.Each jurisdiction has it own procedures.

Your tenant (depending on local laws and your lease/willingness) can sublease for the remaining 3 months of their current lease.

So when and if they tried that stunt on us we just would keep the EM and resell.but in practice those guys always closed we smoked them out day one.

Because that's the way wholesalers get around the law.

The law of large numbers states that if you can increase the likelihood of a renewal of any given tenant over time with enough tenants, you will increase your renewal rate substantially.