I want to move forward with setting up a seller financed deal, but am unsure on how to approach and how to structure the deal.

I am also always interested in networking with like minded individuals.Thanks in advance for the help, and I look forward to networking with you all.

I would say that all of the numerous methods we use to find deals work, just track what you're doing so you can review and figure out how you need to tweak things going forward.

As much as the people in your list above are essential, what is more essential are individuals who are currently doing the type of investing you want to do.Putting these people on your team first as mentors will help you put your best foot forward when you pull the trigger on the first investment.These mentors can also give you advice on the best contractors to use, agents to use, and CPAs/Tax Advisors.

So option 2 looks like a path forward.  

My multifamily is leased out and bringing in a 45% cash on cash, with the single families once occupied I'm estimating to do roughly the same.I'm definitely excited to learn as much as possible, and look forward to meeting some interesting people!

If already placed in service, I would still deduct it even though you have a loss as you can carry forward your loss. 

I will be looking to purchase property in Cincinnati, Ohio and am looking forward to overcoming the challenges of out of state investing.I am currently a full time teacher in Boise and have been teaching for 18 years. 

I look forward to exchanging lots of thoughts and ideas here.Best,Ron

I look forward to using BP as a resource and hearing the success stories of other investors.