Can anyone give me some worst case scenarios besides me owing the $ back if it does not close for some reason AND if there is a way to protect myself in the purchase agreement from any worst case scenarios….There is no mortgage or realtors involved- only real estate attorneys.

Turnkey also works for investors that are absentees if their goal is to park money/defer on taxes.

Then, the permits taking longer than expected, the repairs budget going to the roof, getting new GCs, the property taxes increase, using the wrong debt and investing alone.

Tenants can pay what they owe, or they can move out quickly to avoid the eviction.

@Josh Haney I believe the legal/compliance piece is fairly well covered by those who already commented I completely agree that it's important to retain legal counsel to assist with drafting and also loop in an accountant to confirm structure is arranged with tax efficiency in mind. 

I took into account property management, 5% no occupancy, taxes, fees, etc.

Can anyone give me more insight on how taxes are in Ohio, and if there’s any specific areas of Columbus that I should be keeping my eyes on or avoid?

Think about things like the demand for rentals and the accessibility of facilities, schools, and public transit.Understand Property Taxes: Depending on the neighborhood and kind of property, property taxes in Chicago might differ greatly.

I looked at Stessa and Digb and decided to go with Digb because they also support with taxes. 

These will be for the 2024/2025 tax season.