I think i've got a very solid PM managing a 5 unit- they're responsive (which I value highly) not only to me, but equally important to my residents. 

Roof, HVAC, plumbing, and electrical appear solid based on my initial walkthrough.

Hey Drew — solid question.

Having a JV with a person that has cost controls and discounts = less risk. 

Before I move forward, I wanted to see if anyone here has recommendations for a solid attorney, CPA, or formation service in Ohio who can help me get it done correctly (operating agreement, structure advice, etc). 

Definitely hit up some local meetups or REIAs—you’ll learn fast and make some solid connections!

If a lender is involved, closing in your personal name is often simpler and cheaper, then you can transfer to an LLC or land trust later if allowed.

Think parts of the Midwest and Southeast.The biggest factors that make deals work right now are:Buying deeply discounted properties where the rehab forces real appreciationKeeping rehab budgets tight and intentionalRefinancing with solid DSCR terms (lower rates, 75%–80% LTV, and good DSCR coverage)They’re not common, but they do exist if you’re patient and run strict numbers.Looking forward to seeing your progress!

I know it's in solid condition and has MLS history from 4 years ago, visited outside and seems to be pretty nice!

If the space already has dedicated laundry hookups, adding a basic washer and dryer is usually a solid way to attract more applicants and reduce vacancy, especially in markets where renters prioritize in-unit laundry.Since the unit also needs a fridge, taking care of those essentials upfront makes the listing more complete and removes reasons for prospective tenants to hesitate.