That 4k savings is going to be a good chunk principal, not pure interest, which I wouldn't calculate as part of your ROI.If you do try the out of state thing I would recommend going in gradually.

It’s worth trying; you would be surprised how many tenants mess things up not intentionally, but just out of pure ignorance because they were never educated on certain things that you or I would assume is common sense.

@Tony BlaineI think that @Jim K. is right that you should not rely purely on anecdotes about places that are friendly vs. not.

This probably won't work as a pure rental property after you move out.

The property in question is purely a rental and would stay that way.

Did not buy as a BRRRR or flip but a pure buy and hold where the renter pays it off for me.

I figured there was not really a legal way to do it but can't hurt to ask and see if anyone had uncovered something I had not in my previous research on the topic.I want to use the LLC structure with my father purely as a way to allow me to invest less than the minimums on each deal and diversify more as I have a lower net worth than him and want to keep the risk I am taking at an appropriate level in relation to my total investment portfolio.

@Daniel Fisher, from a purely economic point-of-view, it doesn't make sense to go with the metal.

It seems like a good purchase price for Edmond, but I don't know that I would consider it a "great" deal just looking at it from a pure rental perspective. $113k a great price for Edmond, but Edmond is generally not known for the high return rates. 

You are 100% correct and the reason is pure supply-and-demand.