Ie: if the lease (including m2m with proper notice) is expired, there's little to dispute.)

You need to start with one step, get that information, then understand each choice's highest and best value.Do you have debt on it?

All interaction with tenants (including paying rents) and paying of contractors would be taken care of by the S-corp.

We engage in variety of strategies/tactics, including wholesaling, flipping and rentals (long/short-term) for acquisition of  single and multi-family properties, and small apartment units (5 -50 doors). 

A no income no doc DSCR (debt service coverage ratio) would be a great option for you .

I have a varied background that includes accounting, (small) real estate development, and (residential) construction. 

I look at about 1,000 properties a week and have clients all over the country including Ohio.If you could put your price range, down payment, expected cap rate, tenant type, location such as suburban or urban core, etc. then I could quickly tell you if what you are looking for is a 1 in 100 or a 1 in 5,000 property.

Cost is $61k which includes a .2 acre of land.

Should we keep the rent separate or include a discount in rent as part of compensation?

If your LLC is sued, you will be required to defend the LLC, your name will then become known, and the plaintiff's attorneys will amend the complaint to include you.