When good long-term tenants head south on you is about the worst situation to be in. 

I’m sure this is a worst case scenario and but my first pragmatic reaction is that is such an overhaul on how taxation would work.

They had every contingency in the world built in which may be good for a worst case scenario but doesn't represent what actually happens in the real world.   

Tell them to print the invoice and take it to the front so you have a register receipt.However, the worst thing is MANY MANY times I have caught them rejecting larger rebates for no reason.

Plus, owning local won't require a management company to cut your margins at best and mismanage your property at worst! 

The 25 year veteran officer said "this isn't the worst I've ever seen, but its probably the 2nd worst".

All of them cash.I'm pretty happy with the return, between the rentals and the appreaction I almost already doubled my investment.But well, now with the LLC owning 6 properties, an income history of 5 years of rentals and the possibility of put them as collateral warranty if in the worst cases I cannot pay the loan.

Like @Michael Noto said I would just prepare for the worst & keep your dad on standby. 

I do not know if Cuyahoga Co only auctions 'free and clear' (meaning no outstanding filed liens) properties OR after someone picks up the place, some lending institution comes out of thin air wanting an unpaid loan or worst, some deadbeat who hasn't paid child support in 17 years and the gov't comes to collect as a first lender (even before the financing guys get a crack at collection). 

Ontario has one of the worst purchase price to rent ratio in North America