My father made his living flipping houses so I think I'll have some good input on the rehab piece!

300k purchase + 10-15k closing + 80k remodel + 5k for refinance costs. 80k remodel number I got from my father who is a general contractor in the area. 500k ARV x .80% refi (because it would be my primary residence) = 400k minus 15k closing, 80k remodel, 5k refi cost = 300k my original purchase price.

I know many RE investors who have purchased low-cost rental properties like this and have turned a profit for decades - one of them was my father, so I saw it done first-hand.  

There is a place and time that it makes sense, but as long as you get any cashflow that first year, father's time will likely help you out after that as long as you have a quality product. 

One of my fathers properties taxes nearly increased by $3000 and it was only $3800 before I tried to appeal all of my properties and unfortunately got denied

Our loan/cash is from our father who is helping us get started.

Also father/son dynamics at an age where the son is trying to establish his independence is trying on both of us.I did not push son in direction of RE, he considered various options and chose RE. 

I also met some great folks out of Portland at the BP Conference in Mexico this month.My father-in-law lives near Ellsworth and owns some short-term rentals there.

I lived in the Poconos for a few years as a kid and my father still lives just off 33 near Wind Gap so I know the area pretty well (and my daughter's up in Bethlehem). 

If its your own company or your father-in-law that gets one answer.