My intention is never to see if they are qualified to answer my question or not...It's always pretty easy to assess the credibility of answers based on their content and sophistication.

I wouldn't waste any time meeting them in person once escrow closes and being clear and transparent on your intentions and reasons for the rent increase, as well as the new screening qualification - it makes sense if the rent will be higher then their income qualification will need to match that increase.

So the $50 -> $500 “appreciation” (quotes intentional) of the token is where you make any “money” (quotes intentional).

@MIke Hewitt what was your intention in purchasing the property? 

I believe this is a fantastic business policy for others.I personally like compassionate landlords as they make for easy pickings when we seek to purchase properties below market with the intent of adding value through rent increases.

I'm glad I mentioned my intentions so now I have more feedback which has allowed me to find more topics to research.

At this point, I'm no longer living like a rockstar, but my cash is accumulating with the intent to buy a house out in the suburbs and start investing in stocks while continuing to contribute the max to my work-sponsored 401K.

But as long as you are disclosing to your sellers what your intentions are with the property, you won't have any trouble in Ohio.The other thing you will hear especially at Bigger Pockets is that you should never need to hire a coach or pay for a course, because all the info you need is available for free on the internet!

No competent agent, me included, is going to knowingly have their seller enter a contract with someone who has neither the intention nor the ability to actually buy the property, and is solely hoping to flip the contract to someone else at a higher price.  

At the time we knew nothing of doing property tax sales, and had no intention of getting into it as an investment opportunity.