One thing to be aware of, especially in Ohio, is the prepayment penalty typically associated with these types of loans. 

You should consult with an attorney in your state to make sure that you are using the best asset protection strategy for your situation.Your budget: The cost of asset protection can vary depending on the type of protection that you choose.

Update: Closed on 4/16/25 What made you interested in investing in this type of deal?

@Vincent PlantI did not see you mention what type of lease are they on?

Ideally I would like to purchase a apartment condo (1000 sq foot) in the Mountain View Sunnyvale area and pay additional money instead of paying rent and building zero asset.

What would be your suggestions to figuring out a accurate as possible ARV for this type of property? 

I'm in Canada, but I know some types of repairs you can only write off when you sell your place. 

You'd want to report this activity on Sch C instead since it's a different type of business activity.

Colleen What type of investment are you looking to make?

Some of my favorite area codes are 27107 and 27127. 27127 is a big area code so you really need to study it to make sure it’s not a problem area. 27107 is the outskirts of Winston Salem where you will find more houses in neighborhood/family type of areas.