I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.

Would you create a private REIT or a private Fund, and why?

I am looking to create a system which will allow me to analyze and choose markets more efficiently.I want to have a pool of resources/websites that I follow step by step so for example, 1: Check the housing prices, 2: Check the population, 3: Unemployment rate, etc... and then I will pull this data from the websites that provide it and keep going down the checklist.

I tried to include their phone here but it isn't allowed. 

The postings created by a property management company will likely include the property management company's information in the description (they may even have their name watermarked on all of the listing photos).

Second I would not create an LLC with each of you as 50 50 partners.

Can I use Buildium for bookkeeping including tracking all transactions per LLC including mortgages and can it produce detailed reports at tax time?

@Kris HaskinsA lot to unravel but if they recorded your deed for purchasing the property prior to the ratification of the sale then that creates issues which the lender should have gone with your closing.The agents and title companies in this are a mess as how did it not show up on title or with the listing agent what was going on.

The 1099 is issued to you and the IRS to make sure that you are reporting rental income on your tax return.I would use the annual property management statement to report the income and expenses per property.The property management statement will likely include property management fees charged to you and repairs made on your behalf.

Your analysis goes to finding out the current market price (which includes commissions) and subtracting the commission, typically 5 or 6 percent.No sane seller would care about your investment returns.