It is also a misdemeanor to refuse to rent to a senior because that person would acquire rights under the Rent Ordinance.

I've also acquired two buy and hold rental properties here in Denver, CO (Both 2 bedroom, 2 bath Condos in different areas surrounding the metro area).

You can literally be a middle school school dropout, turn 21, and the next day be a Big Bank loan officer without ever passing a single test.But for Local Lenders with flexibility, we face a LOT of hurdles just to add a single additional state or even maintain our own...Think of that whenever you read "lending in all 50 states!"

Same question, can you receive higher than market rents and is your profit higher or are there additional ongoing expenses.

I guess my intention is to purchase free and clear then pull my initial investment out and acquire additional property

I'm acquiring a land contract with a buyer already in place.

Heber is small but growing fast and there's a huge shortage for rentals there, we're currently building rentals there, they're sold out but we are definitely acquiring more land to build more much needed rentals up there. 

Additionally, learning the different market segments, especially here in Central Ohio, would help us focus our attention on what others have found to be the most successful paths to follow.

The basis of property acquired from a decedent is generally the property's fair mkt value at time of death.

In addition, I would update the listing to mention that you're open to owner finance at a very reasonable terms such as 6-7% interest rate with 20% down payment, no credit no problem and hope that would spurn more interest.