The Columbus market is known for it's strong appreciation factor, low taxes, and also because it is a land-lord friendly state.

Are there any tax ramifications?  

Is there a fine they pay or does it say nothing?

Looking for state income tax free properties and a possible move for myself to a state income tax free state as well.

I would grab anyone who will do it for you and I would expect you will pay 15 to 20% apr for those type of loans given the risk profile.. has nothing to do with you personally as a qualified borrower but for a PML if something went wrong and they are sitting behind 3 to 15k mil in senior debt most could not pay off the first to protect themselves. 

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the financial decisions you are making throughout the year.Good luck.

Recommend you speak with a tax professional about how many days you can rent it out before you lose 2nd home classification and have to call it a rental.This reclassification may affect your mortgage 2nd home requirements.

When vetting a potential dev. deal investment, pay close attention to the developers experience in the market and the number of deals they've successfully exited. 

I’ve recently found a part time hustle that pays the same as the full time W-2 for about half the hours and I work when it’s convenient to me.

Some of the usual reasons why people would sell to these companies: If there is money owed on the house, the house is in terrible shape, you don't feel like dealing with selling it, or you don't want to pay realtor commissions.