. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

Tax payer has to be the same.

Turnkey also works for investors that are absentees if their goal is to park money/defer on taxes.

Then, the permits taking longer than expected, the repairs budget going to the roof, getting new GCs, the property taxes increase, using the wrong debt and investing alone.

I'd direct that question to your attorney.There is a lot of risk using earnest $ prior to the deal closing.

@Josh Haney I believe the legal/compliance piece is fairly well covered by those who already commented I completely agree that it's important to retain legal counsel to assist with drafting and also loop in an accountant to confirm structure is arranged with tax efficiency in mind. 

I took into account property management, 5% no occupancy, taxes, fees, etc.

Prior to ShowMojo, everyone called into the office and we would answer the same questions over and over again.

Can anyone give me more insight on how taxes are in Ohio, and if there’s any specific areas of Columbus that I should be keeping my eyes on or avoid?

These will be for the 2024/2025 tax season.