We own our primary residence, have always taken the standard tax deduction, have 4 children, one graduating high school this year, have never owned a business, don’t know what could possibly be written off or what needs to be saved throughout the process, and would prefer to have a cpa and attorney assist with the set up of an LLC to ensure we’re getting the most tax benefits and asset liability protection as well. 

This gives them time to discover that they're getting a good deal.

It can only exist until the voters discover that they can vote themselves largesse from the public treasury.

Of course, we obliged and though we didn't have any formal system of accountability, I think that the time he spent with all of us helped establish a new standard for what was normal.

The interest came from listening to several people on the BiggerPockets podcast and forums telling their story about discovering passive income and how they have reached financial freedom from real estate investing.

You could look up comparable properties that have sold and get quotes from contractors on what it would take to bring your property up to those same standards.

Then I discovered BiggerPockets and it’s calculator and just realized how much better it was than my Excel spreadsheet was.

I figured that, as a lease option, the tenants have significant money on the line, so they will care for the property much more than a standard rental.

203K, it is a standard FHA program. 

This is going to cost money and they will not have time to prepare an entire scope of work during a standard due diligence period2 - I would get with a Realtor and have them pull comparables from the MLSWhere is the property located in Ohio?