The returns, on the whole, are better in Cincinnati than Columbus but Columbus has the security of population and job growth.

Basically I am trying to take this 21k & figure out the best way to put it to use to make more money with another home purchase & flip, tax sale & flip, or any other method. thoughts?

Ivan, turn key is simply one of several methods of acquiring rental properties.

I am thinking the easiest way would be promissory note, but I was curious if there was any way that I could secure their respective liens on the property.

Originally posted by @Michael Lewis:Your math is wrong the 60k profit a year on a 500k investment is 12% But you don't see that equity until you sell the place, so you would also have to include the opportunity cost of tying up $500k in cash.The only way you could see that down payment back in cash is to take part of it out as a loan secured by the property.

Something that I implemented that has also been helpful is the "profit first" method, or the  "rich dad, poor dad" method of paying yourself first.

Hi @Andrew Pappas,I would recommend securing the property using other financial means, removing him entirely.

Secure a title commitment asap.

You say he cleaned it well enough to receive a portion of his security deposit back?

I’ve secured a mortgage through Boiling Springs Savings Bank on an investment property several years ago.