If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

I've had tremendous success asking questions here before, so here's hoping!

Purchased 3 single family LTR over the last year or so.

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.

As you probably know from also living in the area, values can change dramatically from block to block, so it might matter most how you feel about the outlook for the specific area it's located in.

For many years we did have turnover every year, so that was a good number. 

I just paid off another DSCR so pleased to be in this position. 

So that the wholesaler can make some money.

Its how come I am so entrenched in funding in the mid west till this day..