In that case, would the renting process be a bridge to help you retain the home for future personal use? 

They couldn't get a construction loan and were constantly blaming the cities being tough on their permit process.

If so you could pull equity out to begin the BRRRR process.

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

The process has been difficult and stressful and we almost gave up a few times. 

Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

Thanks again for your input, and I'll probably reach out as I get further along in the process.

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.

I am currently in the process of identifying land for a purpose-built residential assisted living and memory care facility in Houston, TX.