As we continue to grow doors, we're exploring the idea of purchasing renters insurance for our tenants and extending the cost to the tenant for a monthly fee.

A tenant should not have to pay for that unless they continually leave food out and cause more pests than your account covers.3.

It's only a short plane ride away and continues to appreciate in value, giving investors strong returns.  

I’m trying to get my first HELOC done so I can continue to acquire more doors. 

Biased here but I think Oklahoma City has strong potential for continued growth.

The issue for you is you (or your wife) now may have two insurance carriers fighting over who will pick up coverage (assuming your intermediary LLC has appropriate insurance) or if it does not, your property insurance carrier may try to get out of coverage because of your slick deception tactic of using an alter ego which is the last thing you would want.Just  yesterday another BP forum poster wanted advice on a similar strategy when leasing a rental cottage on the same lot as their residence.

Combine those facts and it seems logical families will opt to continue renting in the city longer in lieu of perhaps buying a starter home and they grow out of the apartment style housing units.

My main focus these next 6 months is to educate myself and continue to add to my savings for down payment and reserves.

You might simply have him assign the deed to you or add you to the deed and continue to pay your father-in-law's loan while renting it out.

Let me help you start or continue to build your port folio in a market that doesn't appear to be leaving or even slowing down any time soon.