Gemini AI can help:Key features of an Ohio Land Contract:Installment Payments: The buyer agrees to purchase the property through regular payments over time, rather than a full upfront payment.Seller Holds Title: The seller retains legal ownership of the property until the full purchase price is paid.Agreement Length: The contract typically extends beyond one year.Property in Ohio: The land in question must be located in the state of Ohio.Improved Property (usually): Land contracts in Ohio normally involve property with a dwelling on it (a house).Here are some additional points to consider:Recorded Contract: A valid land contract must be recorded with the appropriate county recorder's office.Contract Content: The contract should include specific details like the names of the parties, property description, purchase price, payment terms, and down payment amount. 

I just renovated a 2 BR / 2 BA single family built in 1900 and it was 55K.Also, there's no such thing as "ARV 200-300K" - you need to conservatively estimate the ARV and come up with a much narrower range.Finally - are you local?  

I also found a small local community credit union who will write first position HELOCs.  

TIA- Sara @Sara WylderDifferent locations operate their auctions in completely different ways. 

The first property I ever purchased years ago I sold last year due to its age and location.  

You will probably want to hire a local engineer to help develop the site plan.

Building a strong local network of trustworthy professionals is incredibly helpful as you get approved for financing and start property searching.

I recommend you print, study, and highlight the HUD guide: https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalN...You should also check with a local HUD office to see if they have any additional guidance they can provide you.Keep in mind, not everyone is subject to Fair Housing requirements and you may be exempt from allowing the ESA! 

I would greatly appreciate any advice on how to get started, particularly:Should my next step be finding a local mentor and how I could best do this?

I'm particularly focused on local STVR (Short term vacation rental) properties that are officially licensed by the county of Hawaii to operate short term rentals.