For this, the learning is done by continually talking with people in the market you are looking and similar deals.  

Wishing you continued success as well! 

As you gather all this information, I would continue bettering the process and continuing to buy deals.

Lol) to support or debunk my thesis, I came away with several neighborhoods in Ohio that will continue to grow for both appreciation and cash flow in the next 5 years.  

The reason is, you must continue the interest clock on each year's taxes to up to the present, at whatever the interest rate was at the time of the auction.

To get started, continue learning through podcasts like the BiggerPockets Real Estate Podcast and books like "The Book on Rental Property Investing" and "Set for Life."

We are really worried about lack of demand being a continued issue since our town may not even open our lake this summer due to storm contamination 🥲

Emphasize how this arrangement could work to their benefit, offering steady income, avoiding a traditional sale process, and giving them the freedom to move forward with their plans such as buying that sailboat and sailing around the world.If they ultimately decide they’re not interested in selling, you’re still in a great position to continue your search and buy your own property in the near future.

After five years, I am willing to buy the other owner out or they could stay in and continue earning and enjoying the property. 

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.