The purchase price is around $2m and tax assessed value is around $1.3m.

Then, we purchased similar properties.

On the other hand, my most recent apartment purchase was from a large, well-established REIT that appears healthy, and I have not been very impressed by how they ran their business.

Nearly all will say yes and then, their interest payments start again at the next closing (to buy) table.So they earn interest while the money is loaned – from purchase to sale.Now if I have someone's money less than 90 days, say on a house I wholesale, I do pay a minimum of 90 days interest on all loans.

And if you're truly serious about purchasing real estate in Ohio it would be a good idea to take a trip out there to learn the cities and neighborhoods, visit them at night, see if it's a good fit for you 

All of these were purchased pre-covid, and with the exception of one, all were found on the MLS.

There's a reason listing contracts and purchase contracts are so long.The challenge is investors are NOT business people and are too cheap to hire an attorney to review a Property Management Agreement/Contract!

I recently purchased a home with an estimated ARV $265000.

For the rentals I would purchase in your personal name (to get preferential lending terms) and then transfer title to an LLC at a later date.LLCs are simple to create so you don't need to plan this too far out in advance, IMO.

However, when you buy the property, you figure in the water bill expense in your purchase price .