If you are looking to use it you probably see it as a solution that produces specific benefits.  

Moreover, you have much higher overhead than most experienced investors.In a REIT you are missing out on all the tax benefits. 

I don't think this is a good idea for the sole fact that you intend on selling after his passing.Once they pass (which I hope is a long time from now), those who inherit the house will benefit from the step up tax basis, meaning the net proceeds could be TAX FREE.

Large companies and equity firms obviously have more resources at their disposal than a small investor, but to me I couldn't help thinking about all of the tools and extra benefits we get as small investors.

Homes in need of repair or renovation can still be found at competitive prices, creating significant upside for those willing to invest the time and resources.Rental Market Backup: Investors also have the benefit of Indianapolis’ strong rental market as a fallback option.

What I like about the BP calculator is that you can easily adjust the number to see where the variables need to be to break even. 

I am grateful to any kind people here that can give me any insight on how I can make decisions that can benefit me financially. 

While I’m proud of the success of this project, I now realize that I could have benefited from starting my own investments earlier.

Your experience with listing the property for sale in a high-interest market highlights the importance of market timing, and it's great that you adjusted quickly by renting the property instead.

Maybe this turns around and you're looking at a gain in 30 months and having that available will be a big benefit.