Hi everyone,I graduated college a few months ago in Boston and tried to start my own business but it didn't workout and so I focused on Real Estate instead and passed my NV License.

There is so much free and low-cost information out there.

So, would you suggest doing this and putting him in 1st position, once the home is completed have him removed from 1st?

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

I did lock in a decent rate, so that is in my favor.

My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. 

So I will be learning the PM piece as I go as well.  

I am on the lending side of things, so if you'd ever like to chat shop and options out there, let me know. 

So I give the bill to my PM and they bill the tenant and they reimburses me.

You could find less expensive property in a not so good area.