Currently i require: non-smoker,income 3x rent with pay stub verification, no bankruptcy/felonies/evictions, 5 years rental history/good references, employment verification, submit to background credit check (i don't have any set policy on minumum credit score yet),1st month payment and security deposit due at signing, must comply with online payments. 

.—(1) The landlord at all times during the tenancy shall:(a) Comply with the requirements of applicable building, housing, and health codes; or(b) Where there are no applicable building, housing, or health codes, maintain the roofs, windows, doors, floors, steps, porches, exterior walls, foundations, and all other structural components in good repair and capable of resisting normal forces and loads and the plumbing in reasonable working condition.

I just want to be certain that it all is legal and complies with Ohio laws. 

So, with your responsibility for the investors best interest as lenders, and you're position as principal of the borrowing entity, I just don't see how you'd get around the conflict of interest.Even having a outside GP, who is in any way beholden to you, is merely an attempt to disguise the conflict of interest.The fund idea is further hampered by attempting to comply with securities laws.  

Date posted is not relevant.I would speak to them and make this very clear and offer to let them out of the lease if they feel they can not comply as opposed to them facing a future eviction.You have what is going to be a ongoing problem that will get a lot worse if you are not capable of enforcing rules.

If you're thinking about running ads on FB, make sure you comply with the special ad category rules for "housing".

Property owners must comply with all the rules in both sections to qualify.APPLICATION OF SECTIONS 121 AND 1031If a property owner has owned and lived in a principal residence for at least 2 out of the last 5 years preceding the sale of the principal residence, $250,000 if filing as a single ($500,000 on a joint return) of the gain from the sale, except for any depreciation taken on the property since May 6, 1997, can be excluded.

Are you sure it complies with state law?

Your best bet is to have an attorney prepare the contracts for you so that you know they’ll comply with your state’s laws and work for your specific situation. 

Do you usually try to comply?