However, the LLC will need to chip-in financially to help complete this renovation.My general question is what items should the LLC cover and which should my father cover for best tax benefits?  

Stay Informed and InvolvedWe believe that by following these steps and staying informed, you can navigate the process withconfidence and make informed decisions that will benefit you for years to come.

That’s not entirely accurate, as the cities surrounding Lexington benefit from its growth due to proximity.

Realize you may be better off using cost segregation to achieve greater tax benefits immediately for purchases of STVRs.

Also, love to work out as much as I can in things like running, bicycle, jumping rope, and lifting weights-no ripped or jacked by any means-but thinking in the long term benefit (like in real estate).

Simply own and live in the home for 24 months of the past 5 years from the date of sale, and receive a tax benefit of up to 250k of excludable capital gains from tax or 500k if married and filing jointly. 

It will familiarize you with the basic terminology and benefits.

Would there be any reason for me to not get an FHA loan and put down a bigger deposit, any benefits to that?

So a CRE crash will indirectly hit the economy hard, I still believe SFR is a quality, long-term scarcity hard asset worth investing in.

Both single-family houses and multi-family properties offer benefits and drawbacks, so consider your financial status, risk tolerance, and long-term investment objectives.Good luck!