Now, your post also stated Dayton, Ohio - any reason why you want to invest elsewhere?  

I don't see any reason why this wouldn't be an acceptable solution.

We haven’t really felt the effects of it yet but I think that is mainly due to the timeframe it takes for them to process claims and emotions from the devastation.

The LLC aspect is more for liability reasons if someone was going to sue you (so maybe you create the LLC when your son moves out).2) Like #1, a separate bank account will make it easier to track, but it's not required3) No, he can't also be the property manager.

Is there a demand clause where they can call the loans for no reason?

more reasons why not to get washers, dryers, etc because just wow. 

Hey @Stephanie Medina, so it sounds like this is the sewer main line right?

Multifamily properties in Memphis are still reasonably priced compared to other markets, and landlords benefit from landlord-friendly laws and relatively low property taxes.Additionally, many investors have successfully implemented the strategy you’re considering—acquiring and eventually paying off properties while maintaining steady cash flow.

The main differences (besides rates/underwriting guidelines) is what you can include in your renovation costs.

Forced appreciation allows me to build equity from the beginning of the investment, so if I need to firesale for an unforeseeable reason, I will not be underwater.