3) There is potentially a delayed transfer upon death if done through probate4) They may not want to deal with the 'time' it takes to manage the property

If you plan to buy 100 rentals, you may potentially be eligible to claim real estate professional status.Furthermore, another thing to be known about Ohio, is that there are a lot of locality filing obligations on top of what is required at the state level.Therefore, for example, if you have a property in the maple heights, you would have to file a return reporting your maple heights income/expenses in addition to the Ohio State return.

(FYI- a buy and hold will most likely be negative cashflow onPurchase Purchase -$1mPurchase Costs (appx) - $10kTotal purchase costs - $1,010,000Holding CostsMortgage-$5,662/mthTaxes (estimated at 1.15% annually based on 1m purchase price)-  $958/mthInsurance - $250/mth (could be more these days)Total holding costs per month are around $6,870Assuming the best case scenario of the property needing no maintenance or rehab and a quick turn around of 2 months for listing for sale to close of sale, your holding costs would be $13,740SaleSale Price $1,200,000minus sales costs (~6% -see comments above) $72kNet Sale proceeds - $1,128,000So, in the best, best, best case scenario the #'s are:$1,128,000 (potential sale proceeds)minus costs of$1,010,000 total purchase costs$13,740 holding costsFor a grand total of $104,260 in potential net profit if EVERYTHING goes as planned with NO repair costs and a very quick sale, etc.

I get enough cheap out of state properties to give myself some cash flow, allowing me to afford the mortgage payments on a couple houses around here--keeping some exposure to the Seattle area's potential for appreciation.

I'm new to the real estate scene and was wondering how to handle potential tenants who want to book months in advance?

A well-maintained property may require less immediate investment.Rental income Potential: Determine how much rental revenue the property may generate.

This equity could generate 20-25K in a high-yield savings account annually, but the real estate market's potential appreciation exceeds that amount.

The smell from smoking weed isn’t that bad and is mitigated a lot easier than tobacco smoke, but you don’t want anyone growing in your property (often leads to mold, alterations to the property, and potentially expensive damages).

How do those costs affect your potential profit?

The most successful SF investors are those who identify markets that have growth potential and transition into owner occupied markets.