Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

I used to do junk removal and demolition for these kinds of companies and saw all the worst case scenarios in columbus from tenants that can pay $800 per month. check the vetting requirements, raise the price to get into your unit. 900 per month is cheap in columbus if you are buying c class make sure to take a little more like 2 months rent so the people moving in aren't scraping by

For the full appraised value or just enough to pay back the small note+renovation costs?  

If you're going to manage a GC, make sure to meet them in person and avoid paying for the entire job upfront (typically for smaller jobs, you will pay half upfront, and half at the end). 

Aside from the fact that I control my money and don’t pay fees for using it - I also avoid UDFI tax which is triggered by UBIT in syndicated deals.  

This includes keeping detailed records of all transactions.Mortgage Payments:Handling Income: The LLC can pay the rent for the use of the rental space, which I can then use to help pay off the mortgage.

Someone agreed to pay and not only didn't but refused to leave a property they are not paying for so yea I guess your right that is fraud in my opinion. 

Is it a “bad” decision to put 20% down on this multiplex, likely have most of the mortgage covered by the rental income while continuing to pay rent at my current apartment? 

Seems like cancer patients and transplant patients want MTR...may not want to stay in hotels...may want someplace pet and family friendly and want a host with a heart that can shorten their stay---Say YEAH....or extend it, without paying big penalties.....and these are people often networking with other patients and families who may be your clients too. 

This means instead of getting a mortgage from the bank, you pay the seller in installments.