If your property sucks, people won't rent it out as a STR either.

Hi
I can't find anything in Ohio code either way about the topic in the
title. I have rental house with a separated detached apartment above a
garage that I plan to sell. Tenants are in both units. Once they get ...

Given your strong net worth and experience, investors might be interested in a short-term investment with a clear exit strategy.Home Equity Line of Credit (HELOC): If you have significant equity in your personal residence or other properties, a HELOC can provide access to funds without selling any assets.Securities-Backed Line of Credit (SBLOC): If you have an investment portfolio, you could borrow against the value of your securities without liquidating them.Seller Financing: Negotiating with the seller to finance part of the purchase price can reduce the immediate cash requirement.

If so, does it matter if it's in the state we're trying to buy property in? 

Hello I am a current real estate investor/ new real estate agent and I obtained 2 properties with creative financing.

Needed some input on thisIf we buy a house which has renters in it is it second home or investment property?

He made a little over $2 million through these properties through free cashflow and appreciation.  

Unfortunately, very few local Worcester residents can afford these properties, creating intense pressure on those who live and work in the city.

Should we have a LLC for the rental business that “rents” from us the property owners?

And as you seem to have done your diligence on that one property, so have we.