Good luck with the search!

UDFI typically arises when debt is used to acquire or improve income-producing property, and the proportion of income related to the debt can be subject to UBIT.

People here on this board seem to favor them a  lot, do  a search on this board and you will get good ideas

There's a ton of meetups if you search for them here on the site.

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.

You can go to a local title company to run a quick title search for about $200 or you can do it yourself if your county records are online.

To narrow down my search can you guys please suggest if I should focus more on Ohio or North Carolina? 

You can search the forums and look at the current conversation that has three pages full of conflicting advice.

@Jonathan B.On a reverse mortgage no, but if it’s going to foreclosure then it’s typically because it’s upside down / under water or there is no heirs.You could call the attorney and ask if they will let you know what the opening bid or payoff is on the property or do a case search on the county website and see the complaint as that will typically tell you the amount.

First-time investors should start with their goals, get pre-approved, network with locals, and maximize learning in forums by asking questions, searching for similar markets, and engaging with members.