You'll likely pay an extra 3.8% on some (or all) of the profit from the Net Investment Income Tax. 

It sounds like your parents provided you a loan and do not own the property.The gain will be allocated to the person who owns the property(The one on title).

But the sofa with pull out in the living room as and extra.

Educate yourself on every important aspect of the field or industry you’re getting into and especially the product or service you’re selling/providing.

To create leases, Rocket Lawyer or LegalZoom provide customizable templates compliant with Ohio laws.Also, check out the "Real Estate Rookie" podcast for a great episode on tenant screening, which can provide more detailed insights.Joining local real estate groups can also offer valuable insights and networking opportunities.

can you give me a rundown onf the type of info it provides?

or have the current seller provide said info. with proof of payment and or renters insurance, turnover of security deposit & first months rent which my attorney will also be collecting, With it being such a quick turn-around with their current lease expiring I want to have as much lined up as I can and be the most prepared I possibly can.Currently Still in the process of bulletproofing the new lease along with the operating and reserves accounts & setting up account/property management software.

This is valuable and many creative investors are looking for mortgages like this one maybe you can negotiate this and walk away with extra cash for your next home. 

My understanding is very unlikely unless the deal is beyond stellar and you can provide strong financials and experience. 

Arman Singh is an amazing real estate agent and LPG Management provides exceptional remodeling services and property management.