I recently bought a property with 20% down and even with a HML in second position it would still produce a strong CF depending on the terms.

BTW: What kind of annualized return are the 401K funds producing at this point?

I would suggest keeping a hard copy of your lease, even if you scan it in electronically, just in case you ever need to produce it in court (you have to think worse case scenario).

Here's the source for Ohio's law on this subject:Abandonment of Dwelling Unit by Tenant (Section 375.10).The ordinance establishes standards and procedure for determining whether a tenant has abandoned a dwelling unit.

While it has a low capacity, I've yet to meet anybody who continues to cause issues after it's produced.

I know Chesapeake is drilling a well about 5 miles up the road from the property, if that well produces 15 million cubic feet per day or more, they should start buying leases in the area again.

The other question is , where do you find a $1000 producing SFR with these characteristics in other states?

Simpler, and more likely to produce a good outcome to say "I'd like a listing price for the property that would bring a contract under 90 days."

It's through this job that I began getting background knowledge about real estate.For the past several months I have been reading many finance books to learn about different ways to invest and produce cash flow.

I use my membership to help me manage a non profit tax exempt "Community Housing Development Organization" of income producing property owners.