But once we went through the process of this revision to approved action, it triggered HCD to get involved since it’s in their jurisdiction since it’s a “special occupancy park”.

Any advice from seasoned investors would be appreciated on pulling the trigger on the first investment property.  

Transferring your Ohio rental property into an LLC after closing could trigger a due-on-sale clause with your lender, as moving the property from personal ownership to an LLC is often seen as a change of ownership.

I did considerable research before finally pulling the trigger earlier this year.

As someone who just pulled the trigger a few months ago I decided to go with turnkey to mitigate my risk.

Were you successful in setting up this structure and keeping the loan without triggering a due on sale clause?

You can transfer the rental to an LLC after the purchase, though this may trigger the due-on-sale clause, so check with your lender.This post does not create a CPA-Client relationship.

Having family there and a pretty good market, time to pull the trigger. 

That comes when you've started looking at properties you could actually buy and you start over analyzing because you're afraid to pull the trigger.I experienced this in a different fashion when we bought a property and we were gutting our first kitchen and I didn't want to pull the trigger because I was a little afraid of just ripping everything out and what would actually happen.

I don't love it, but if I could make a 20% cash on cash return (or the return of your liking), I'd pull the trigger.