I've really thought about doing that as other areas around the country seem much more desirable and the "numbers" seem to work in my favor as I am a new investor to real estate who may not have much capital compared to others who have been in the game longer.

The favorable financing available to an owner occupant.

By leaving the arrears in the rent side of things, I would think that he is doing you a favor, guaranteeing that you can collect all the fees.

Brice,The demographics you describe sound exactly like my investment area, except the unemployment rate is more favorable in your area!

I found this:§ 5307.01Tenants in common, survivorship tenants, and coparceners, of any estate in lands, tenements, or hereditaments within the state, may be compelled to make or suffer partition thereof as provided in sections 5307.01 to 5307.25 of the Revised Code.The content of the petition is governed by statute:§ 5307.03.A person entitled to partition of an estate may file his petition therefor in the court of common pleas, setting forth the nature of his title, a pertinent description of the lands, tenements, or hereditaments of which partition is demanded, and naming each tenant in common, coparcener, or other person interested therein, as defendant.The Court orders partition:§ 5307.04.If the court of common pleas finds that the plaintiff in an action for partition has a legal right to any part of the estate, it shall order partition of the estate in favor of the plaintiff or all interested parties, appoint one suitable disinterested person to be the commissioner to make the partition, and issue a writ of partition.

I am a PRO Member on BP now without doing my first deal, but I feel blessed and highly favored to be apart of such a great community...

Provided you are not holding properties in an area with insanely overkill tenant-favoring laws (NYC for example) and you do your numbers correctly, I don't think you have to worry.

I've done other campaigns where I was "less-careful", and the results were far less favorable.

The name is actually fairly new, as a part of a recent grab for free federal historic preservation dollars, after which the city immediately started demolishing historic buildings in favor of new development, which continues today.

Also, to follow the advice of John Herrick, I would ABSOLUTELY get my hands on some unsecured lines of credit working in my favor.