We have a verbal commitment on an off-market property in Ohio and need a purchase agreement drafted.  

The agreement was signed and the overall purchase price $225K.

I’m looking to purchase a rental property in Cincinnati.

There is a lot more that should be said, but I would say figure out your time horizon for buying a property, North or West SA, find what purchase price you can afford, how much you can put towards a rehab, how fast can the rehab be done, and your exit strategy for when it is flipped.

.- Consider holding periods: With a potentially slower market, be prepared for slightly longer holding periods between purchase and sale.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip! 

You should contact their bank and determine if they would agree to that.

It's important to note that other wholesalers are more likely to JV with you and take a disposition fee rather than simply give or sell you their list.If you're interested in purchasing access to cash buyers, you might consider platforms like InvestorLift, which can cost $25-30K a year for their dispo services.

and pay them off with that, BUT if he were to sell the property, he would rather much sell it to us (his family).so my question here is if I were to bare interest in buying his property (it would be my first) so it stays in our family line, what would be the best way to purchase and finance it (possible house-hack or LTR if I were to purchase it) ?

is this to be determined solely at my discretion? 

We are looking at purchasing a turnkey property near UTSA where it will be our primary residence for two years and then a rental.