Even if I was in the middle of a big city, I would look at train station routes away from the city.3.  

For a passive route, private lending or investing in syndications/REITs can offer steady returns without property management.

There's no right or wrong way to do this, just varying levels of risk and the only proper route is the one you understand. 

If we don't go the LLC route for now and just make a general partnership, will we have to register the partnership also in both Ohio and California?

Sorry again, that you're going through this and I wish I could say without a doubt go this route, but after several months of using Guesty, my thoughts are still: It's OK, and probably does the most, but it's going to frustrate you with the quirks and glitches.Good luck, Alex!

Lucier@Jaime Farias I'm curious.... did you proceed via the options route, or did you end up using only assignable purchase agreements with the seller which is typically done by wholesalers? 

I'm considering taking the route of applying to be an EDEN Housing Program eligible property. 

We tend to offer this to Owners to figure out the best route for them to proceed on development/building/renovating.

It may be less expensive going this route than paying a high rate, high fee hard money lender that could possibly do it. 

The first thing to do if this is the route you want to take is build a team of rockstars in the city you choose to invest in.