Any advice from seasoned investors would be appreciated on pulling the trigger on the first investment property.  

As someone who just pulled the trigger a few months ago I decided to go with turnkey to mitigate my risk.

This simplifies legal compliance and may avoid additional fees or complications from registering as a foreign entity. 

Transferring your Ohio rental property into an LLC after closing could trigger a due-on-sale clause with your lender, as moving the property from personal ownership to an LLC is often seen as a change of ownership.

FinCEN’s Small Entity Compliance Guide walks small businesses through the requirements in plain language.

Your first priority should  be compliance with federal and state lending regulations. 

Were you successful in setting up this structure and keeping the loan without triggering a due on sale clause?

It’s generally advisable to have one go-to CPA contact who can handle your tax planning, tax compliance, and accounting as a real estate investor.

You can transfer the rental to an LLC after the purchase, though this may trigger the due-on-sale clause, so check with your lender.This post does not create a CPA-Client relationship.

Having family there and a pretty good market, time to pull the trigger.