You mention going on title and taking over the loan - is there an existing mortgage?

The terms on the debt look good.

Happy to provide some unbiased feedback on PMs in OH.

My opinion on this would be to add it if you want it for yourself while you still live there, otherwise I wouldn't bother.

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

Does anyone have any good recommendations on books or accounts I can follow or read to learn more? 

I plan on holding this home long term due to the low interest rate (2.75%) and renting it out long term to cash flow and build equity simulataneously.

Sherman offers higher cash-on-cash returns.Good luck!

Hello BiggerPockets,I am new to the site and very interested in diving into the enormous amount of material on the site. 

When I see these new posters do nothing but recommend the same company in every post and not participate on the site in any other way, I get very suspicious.If you newbies have affiliations with these companies you're promoting, I suggest you disclose it.