Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

Cash Flow Analysis: Conduct a thorough cash flow analysis, taking into account all expenses, including property taxes, insurance, maintenance, and potential vacancies.

You need just enough money to conduct business. 

I work in a federal government facility so he was harping how it was illegal to be conducting business while charging the government, etc, etc, blah, blah.

You will need a limited power of attorney to conduct business pertaining to the property from the seller, then you can discuss the mortgage with the bank, and set up payments directly to them.

He's supporting you to these UNLAWFUL CONDUCT instead of him telling you to stop your NUISANCE/DISTURBANCES.

OH courts may or may not recognize outside LLCs in the same fashion, but this is a legal research question that should be conducted by someone who has experience researching on WestLaw or LexisNexis...Google research is not something I would rely on for my assets. 2)  If you live in CA, you would want to register the OH LLC as a "foreign entity" in CA, and to echo what the others have mentioned, yes, you'll then have to pay the $800 annual FTB fee. 

I'm a 21-year-old Canadian eager to invest in Atlanta, Georgia after conducting thorough research.

I purchased several of these and conducted necessary rehabilitation work.

Frank and Dave overall did a good job on this and give you a great model for conducting due diligence.