Although the lower LTV means you’re leaving some equity on the table, you’re also minimizing costs.If cash flow is your priority, option 2 looks like a good choice.

If he wishes to continue operating as a real estate agent this could be beneficial for you two.

Out of state investing can be very beneficial for someone in your shoes.

There are five exceptions to the definition of beneficial owner.

I'm 24 and work primarily in the Indianapolis market, focusing on new build duplexes that offer great cash flow and low maintenance—perfect for someone looking to build a steady income stream and leave a legacy.Given your situation, investing in rental units could be a solid choice.

More houses on the market mean more choices for buyers.- Pricing Upswing: The Median Sales Price edged up 3.3 percent to $516,555.

Quote from @Nathan Gesner: Quote from @Michael Daniel: That information was extremely important and beneficial to me. 

Or the judge could say he is a beneficial owner (he gets benefits as an owner even if ownership is in another's name). 

SellersWith the changes, sellers will technically now have the choice whether they want to offer any compensation to the buyer’s agent...or none at all.

It doesn't perform well; your neighbor is a nightmare, they put more regulations, you get tired of running it etc.It may not be your first choice, but it will be a smarter investment overall, especially for newer STR investors.