It's important to consult with an attorney or an accountant to determine whether an LLC is the right choice for your specific situation.You can reach out to me and my team who can guide you through the process and help you navigate any challenges that may arise.

You can also look into REITS but I prefer owning my asset and not sharing with anyone I'm not in business with. 

Hi, yes Ohio is a great choice for investing in real estate.

There are a few ways you can handle the renovation which all comes to personal preference.

I also prefer to screen the guests and set my own price/stay restrictions.

While I can't speak for the other markets, Columbus is a solid choice as an investor myself.

Do have an idea of your preferred acquisition price and how much rehab might be required? 

Based on your description, Party 1 seems like the safer choice.

Keep at it because the way you talk and your analysis preference + being good with people is the key to what you want to do.

Each individual owner can have their own Deferred Sales Trust™, the assets of which can be managed to each taxpayer’s own individual risk tolerance and preferences.9) Net rental income.