I'm located in the greater Cincinnati, Ohio area.What do I need to make sure of in regards to the lease as I transition into self managing/owning the property?

We will split all finances, costs, profits, etc. and want to pay the taxes the right way.  

Each property cash flows positive $800-1200 per month, and they will payoff at current rate in 10-13 years applying all profit to loan principal.

Or what is the most profitable way to do this?

If you bough the condo well I would sell and reap the profits.

I sold that at a profit and rolled it into a new property, refi'd that into a new property, etc. etc. 

I’m selling an apartment complex in the Heights and it could be very profitable with Air BnB

It would produce about $1,600/month in profit if fully rented.  

Account ClosedIs he splitting any of the profit with you?

He started off in real estate doing apartment deals part time at home while he had a W-2 job he hated, and not even seeing some of his deals before buying and reselling them as a wholesale (about 75 % of them but because of their profit amount he only had to do that about once a month).Do not let emotion make any of your decisions.