This could potentially reduce or eliminate your state tax liability on the property with a gain. 

I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.

I tried to include their phone here but it isn't allowed. 

Ideally, you want to be cash flow positive (not including depreciation), but then be negative when including depreciation as you can use the paper loss to reduce your tax burden.

Your analysis goes to finding out the current market price (which includes commissions) and subtracting the commission, typically 5 or 6 percent.No sane seller would care about your investment returns.

Can I use Buildium for bookkeeping including tracking all transactions per LLC including mortgages and can it produce detailed reports at tax time?

I have 2 small commercial office buildings in one LLC with multiple partners including myself. 

Based on the desired monthly payment, we use a financial calculator to determine the necessary terms to achieve that payment, considering the price the seller is asking.If interest rates are not specified, our initial offer includes our desired monthly payment along with their asking price, with a balloon payment due in year 20.

This includes transportation costs such as gas, airfare, rental car fees, and lodging expenses while away from home.

Another way to reduce risk is to use leverage.