A simple path to Financial freedom is: Save 50% of your income, use your savings to invest in a multifamily property that cashflows and can allow you to force appreciation by rehabbing it. 

So this crossed my path - a brick 6 unit multifamily in NW Ohio that the current owner wants to sell at 9% cap rate ($220k).

Yup, that's correct.

Is that correct?

@Sharon Rosendahl you are 100% correct that if your state has a lower tax rate than the state you plan on investing in it should be a concern. 

@Ryan Moret The first thing that jumped out at me was that foundation work was done in 2008 and 2012.Presumably, the 2008 work corrected whatever issues were present at that time. 

Lending money can not be a hobby it must be run like a business. it is very important to lend money  correctly otherwise it can be devastating.

How do you know these numbers are correct?  

You are completely correct.

@Joshua D. are your numbers correct?...