@Lyle CooperUnless this small building is your home or the mortgage on this building is secured by your home, you are not allowed to deduct a point in a year you pay it. 

This has worked well to help me track which properties are performing the best.

The returns, on the whole, are better in Cincinnati than Columbus but Columbus has the security of population and job growth.

Unless you are just looking to buy a solid performing note and collect on cashflow, you may want to consider doing a JV with an experienced non performing note investor to educate yourself along the way. 

Hey! I'm a guy in his mid 20's, living in Europe. My background is in online marketing. Made low 7 figures over the years in profits pushing various health products on Facebook Ads, Google Adwords etc. as an affiliate...

I am thinking the easiest way would be promissory note, but I was curious if there was any way that I could secure their respective liens on the property.

Originally posted by @Michael Lewis:Your math is wrong the 60k profit a year on a 500k investment is 12% But you don't see that equity until you sell the place, so you would also have to include the opportunity cost of tying up $500k in cash.The only way you could see that down payment back in cash is to take part of it out as a loan secured by the property.

Hi @Andrew Pappas,I would recommend securing the property using other financial means, removing him entirely.

Secure a title commitment asap.

You say he cleaned it well enough to receive a portion of his security deposit back?