The returns, on the whole, are better in Cincinnati than Columbus but Columbus has the security of population and job growth.

Granted, not all distressed homes are alluring or promising deals yet, as I have to evaluate the cost of repair and look for comps to make sure high ARVs are in play. 

I am thinking the easiest way would be promissory note, but I was curious if there was any way that I could secure their respective liens on the property.

Originally posted by @Michael Lewis:Your math is wrong the 60k profit a year on a 500k investment is 12% But you don't see that equity until you sell the place, so you would also have to include the opportunity cost of tying up $500k in cash.The only way you could see that down payment back in cash is to take part of it out as a loan secured by the property.

Hi @Andrew Pappas,I would recommend securing the property using other financial means, removing him entirely.

Secure a title commitment asap.

You say he cleaned it well enough to receive a portion of his security deposit back?

I’ve secured a mortgage through Boiling Springs Savings Bank on an investment property several years ago.

My last eviction in Massachusetts took 5 months for them to move via the court, left the place in shambles and was granted a repayment plan by a mediator of $ 50 per month till balance is paid off....

I feel like just closing without the added work of securing financing will make the process less stressful but it's a lot of money.