To be able to get approved for a 3 or 5% downpayment, for 3% down it would have to be the first property you have ever purchased and you have to live there for the 5% you can do that once per year, which you also need to "intend" to live there, some are able to skate by the rules per se, and not actually live there if their situation changes after getting the loan.

Cincinnati does not have a rental license per se like some other Ohio communities have.  

This goes to show the opportunities in even the most unknown (well, per se) areas.

I don't think it's a bad deal, per se, but it also isn't one I would be interested in, especially if I'm buying it from someone I don't have any history or track record with.  

The reason behind this is your LLC is a different legal entity than you - so when you represent your LLC you are not representing yourself pro se, you are representing this other entity even if you are the sole member of the LLC.

In the SE this is not the case unless you are very very good at tenant selection, which is more art than recipe.

While not a hoarder per se, she could not emotionally separate from her dead mother's and dead husband's belongings. 

IN your scenrio which really isn't a short sale per se, will not have any negative affects on your credit unless you missed/late on a payment.

These are very good numbers that some are becausee of the SE / GA and some because we've figured out how and where to buy lower priced rentals that rent at decent rents in areas with few rentals, so they rent fast.Auction.com;  no one tell you that the bank or its proxy will bid against you.  

Now this is not a bad deal per se, as if he owner finances it could probably get 80K for it and even more if carries the paper.