If you can lever up 4x to 5x on a $2M property that doubles in value every 10-12 years, who cares about landlord-tenant laws?

We are considering buying our first multifamily property in Ohio and plan to hold it within an LLC.

It’s true that you can have a 10 percent down and have it classify as investment property for tax purposes as long as you can meet the irs definition of investment property while also meeting your lenders occupancy requirement. 

But before I give you my play-by-play, let me first overview what this concept includes for anyone new to property management or owning rental properties. 

This all hinges on what you call a "rental property" is actually NOT a rental property in the tax code! 

Purchase price: $274,995 Cash invested: $81,011 One-stop real estate investment, using a company that provides soup-to-nuts service (sales, closing, funding, property management).

do I now Request for Tenancy Approval (RTA) form so HUD could come inspect the property and starting collecting rent (assuming inspection is passed)?

Focus on cash flow and value-add properties, such as fixer-uppers or renovations, and expand into multifamily properties for better cash flow.

I want to create an LLC/Trust structure to protect the property.

Without knowing the condition of the property, that is the main thing.