After 15 years you could still owe $470K on a 50-year loan compared to $359K on a 30-year.What this really is:  a loophole for lenders/investors to lock you into decades of high interest. 

For an Ohio rental LLC, you’ll want someone who can (1) coordinate the LLC with your DSCR lender’s requirements, (2) draft an operating agreement that anticipates future partners/entities, and (3) think through multi-state tax filings as your portfolio grows.

Search these forums on brrrr suing attention to what the investors are saying and recognize agents and lenders want to encourage RE sales.  

Reach out with a private message for any specific questions. - Chris Kersey 

I've seen your questions and always happy to help @Barbara Johannsen, Moving from landlord to lender changes everything from liability to lifestyle.

Private lenders and partners often care more about trust and a solid plan than perfect numbers.

Pair that with staggered capital: a primary hard/private bridge on each project with 12–18 month, interest-only terms, plus a written 60–90 day extension clause and a backup takeout (DSCR or conventional) ready once rehab is 100 percent, photos done, and rents or ARV supported.

If you have experience and solid credit (720+) I know private money lenders who will fund 100%/100% on purchase and rehab.

Speak with the lenders in the market you are looking to invest and work on your savings so that you can cover the down payment and closing costs

Lenders tend to really like it, especially in a strong market, with a history of steady occupancy.