Without any additional information, I would assume that you would be better off selling and purchasing something else with the proceeds that is better suited as a rental.  

Every state is different but most states he would have had to file a notice to owner within a certain time of starting usually 60 or 90days, if you don't owe the money usually you can put up the money or a bond with the clerk of the court to get lien released then he has to file a law suit within usually 30 days for the money or its released back too you.  

For example, if one plans to buy and hold real estate, then the LLC is better suited for that person, but if one plans to do something more active (quick flips, wholesaling) then the S Corp is better for them, simply for tax planning and savings purposes. 

I super excited and highly motivated to grow and take the next big step in my life with my family.  4) 2nd REI -  After i buy my first home i want to start by investing in either/both single family homes; Reno the basement into a suit for double income or duplex / four-plex.  

Hi @Noam Adler,Technically, the BiggerPockets Marketplace is better suited for questions like this (asking about specific companies).Also, you can start searching for lenders in your area in the BiggerPockets Hard Money Lenders directory.All in all, we've researched more than 560 Private Hard Money Lenders from all across the country, and whittled the list down to our top 198 based on 23 loan types & 6 specialized criteria.Definitely many have programs available for all around OH, but the biggest problem we usually find in Ohio is that many deals are too small to fit into many lenders' minimum loan balance requirements.I’m always happy to help people evaluate their options for private financing.Feel free to reach me directly via the info in my signature, and to connect with me on BiggerPockets here.

What is anticipated additional rental income from added master suite?

I would do it and live there for 3-5 years (or whatever suites you) then refinance the home when I was ready to move.

(c) A violation of this section:(1) is a false, misleading, or deceptive act or practice within the meaning of Section 17.46, Business & Commerce Code, and is actionable in a public or private suit brought under Subchapter E, Chapter 17, Business & Commerce Code; and(2) in addition to other rights or remedies provided by law, entitles the purchaser to cancel and rescind the executory contract and receive from the seller:(A) the return of all payments of any kind made to the seller under the contract; and(B) reimbursement for:(i) any payments the purchaser made to a taxing authority for the property; and(ii) the value of any improvements made to the property by the purchaser.

Finish the basement, add a master suite, fix up the yard, update the interiors, etc..   

I would still love to expand on the properties I manage, connect with owners about getting the most out of their income suite or investment home, and offer referrals in my area for management, handyman services, and cleaning services...and hope to find reciprocation.