Spenser, Keep It Simple...let the current owner provide you a tenant free property. 

So that means if you're living in it, you are not hacking for free, you're paying your fair share of the rent and some of your tenant's rent.   

Hi, interesting comments investing in Ohio is definitely the best way to go if you need a Realtor in Ohio, please feel free to contact me. 

When you are ready to close on a property feel free to reach out, I am happy to guide you.

Feel free to reach out to me directly if you have questions or if you want an opinion on an area or property.  

For example, Pennsylvania Department of Revenue takes the position that transferring a property from your personal name to an LLC (vice versa) triggers realty transfer taxes. 

If you purchased from the party who purchased at the tax sale you probably would have received a SWD because the Grantor would not have wanted to warrant anything other than the Grantor's actions.While I'd be surprised if a county employee opined on the status of your title, there may be a difference between having a clear title (one without a current challenge) and insurable title (one free of significant possible risk of being challenge in the future). 

We've been car-free for many years and want to avoid owning a car as long as possible!

Will,That's a question that involves a lot of detail and conversation to map out the LLC, Financing, Grants, and percentage of partnership should you decide to acquire more than 5-10 properties.Feel free to reach out if you want to discuss the scenario and I can try and detail some tips from my experience. 

So you get 57% of $400k tax free and pay tax on $172k.