And that both properties are turn key with maybe some room to update over time.At first glance most would say go for the cash flow, but I was thinking about the benefits of the higher purchase price as well.

You're more likely though to benefit from the new appraised value though once done (even more so since you did the work).Also, it's often overlooked but you're going to have new closing costs for the loan.... which probably are going to be a couple grand.

There are a few structuring options that may benefit you.

Although we only have duplexes at this time in our LLC, is there any benefit to putting his new home in the LLC and have a rental agreement with my father?  

I am not considering tax benefit and equity for simplicity.

Expectations need to be adjusted for what this market offers.

It has adjustable torque setting for screwing or drill setting for drilling.

, well no but it will greatly improve your success rate. yes you can do seller financing but most of them would want to see your credit report and will most likely not give you favorable rates. seller financing is harder to come by these days as it is mostly due to cash buyers. can you do a rent to own or a sublet lease, sure you can. but again, most will want to see a credit report before leasing, at least that's how it is in NYC. no one on here is trying to discourage you from fulfilling your dreams and no one is trying to give you an easy answer. were all here to share our thoughts an opinions to benefit one another.

For your benefit, there are two REIA groups that meet monthly.

If your main investing goal is cash flow, and you intend to hold the property "10 years to forever", you shouldn't let a potential secondary benefit prevent you from purchasing.