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

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.

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.

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.

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

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.

Thank you,Nirav Since you already pulled the trigger...and are a limited partner...this means you have the benefits of that (i.e. no liability beyond your investment) in exchange for generally having no ability to vote or have a say in how the investment is managed. 

Hey Art, When investing in real estate within a Self-Directed IRA, using leverage can trigger Unrelated Debt-Financed Income (UDFI), which may lead to Unrelated Business Income Tax (UBIT) on the portion of income derived from the leveraged percentage.