The rules are very landlord-friendly too!

I can’t speak much about other markets, but as someone who started off in Columbus, and grew up in Cleveland, i would say that the Ohio market in general is a very beginner friendly state for investors. 

Happy to connect you with an amazing, investor friendly agent if you're looking for one there :-)~ Lindsey

My good friend has already had a lot of success in real estate and is an ultra high income earner.

Best bet would be to talk to an investor friendly lender. 

I would recommend you speak with your tax advisor and set it up correctly from the start, whether an LLC, Trust or something else.Also consider states different laws, maybe find a state with more friendly landlord protections. 

Helping a friend/client buy their first home.

Hi @Ellen Feiss I agree with @Ty Coutts that you should start with informal, friendly, face-to-face conversations with the tenants to establish rapport, especially as you have some lead time here before next April.People don't like surprises or having to scramble, so if you are able to let them know your plans in advance, if they are reasonable people they should appreciate the extra lead time.This is especially true if their rents are currently very under market - they will have sticker shock when they look at what other units are renting for, and have to spend more time finding a new unit (if you'll be asking them to leave).If you have to move into one of the units yourself, I'm surprised you (or your lender) didn't make it a condition of the purchase and make the seller have the unit vacant for you.Sooner or later in rental real estate, you will have to establish a relationship with an eviction attorney.

(A good example of why you should work with an STR-friendly agent who knows Airbnb laws in and out. ... ;))Anyway, what OP is looking to do is legal in Littleton.

An agent friend had an investor who needed capital How did you finance this deal?