These loans are based on the cash flow provided by the property, allowing investors to rapidly build their portfolios without substantial down payments.

That might be a win-win, especially if the seller will offer a good price due to not having to wait for tenant's lease to end, find a buyer, and likely pay listing commissions.  

In that case, and you are willing to provide the required income info, when you look at the TRUE cost of a loan (rate, up front costs and pre-payment penalty, not just rate) conventional will be the best option every time. 

I have a discovery call with Revedy in a few days, and I can’t find much about them on the web other than their own website.

Where are you finding cashflow deals in Ohio?

If the attorney recommends a set up that involves more than one LLC, get on the phone with your tax person and find out how much that is going to cost you for the tax returns, K 1 forms, payroll processing, etc...

Plus most hard money lenders will require a fair market appraisal.If you plan to rent, you already have that documentation plus the appraisal will provide estimated rents.

In the meantime I read every book I could find on commercial real estate; attended every commercial real estate meeting in the Houston area, and spoke to numerous commercial brokers.

@Jennifer RysdamWhen we sell properties, we provide all the information to the new owners.

It also had commercial potential as well as an amazing Airbnb location How did you find this deal and how did you negotiate it?