As long as you are 4 or less, you can get a lower down payment and a longer amortizations.How many units is the property you are seeking to buy?

Enough down, repair costs, emergency funds, lease, management, who'd do repairs, etc...Those and more should drive you to the answers you seek...

This is the hands-off investment solution that you may be seeking.

The 6 months pp could mean 6 month pre payment penalty..

Currently, I'm seeking the assistance of a RE attorney in Columbus that could review a purchasing contract that I'd like to use.

There are so many great resources on here and people who are successful in every area of REI that you can seek out once you find out what you want to do.

I still advise you to seek as much "professional" assistance as you can as there may be alternative strategies to sell and not violate these acts.Great feedback Brian and Jim.If you require more info please email me personally.Talk soon,John Fedro

I am also seeking an answer to the same question.

In addition, perhaps seeking a handyman type tenant might help with some of the overall repairs in general.  

Repayment are made to us via account transfer or any other means preferred by Both Parties(Lender and Borrower). 3.As stated above, Interest rate applicable to all Loans Is 0.6 % Per monthly and 7.2% per annually with 10 months grace period and all loans are unsecured with flexible terms and no prepayment penalty. 4.The Loan Is Transferred to the Borrower via a.Account swift transfer b.Courier delivery service/Bank certified Check c.Cash Pick Up.