@Matt LewisWhat did you end up doing?

If you provide more details on the home value, existing mortgage remaining and what the interest rate and payment are you may get some better advice.Is your dad willing to take that $100k of equity over time instead of all up front?

Is there an issue with getting set up with one or more of the credit bureaus and starting to report on our borrowers?

If you do end up splitting profits and equity 50/50 then make sure you account for your management.

I was hoping this was going to happen so I wouldn't have to take time out of my day to send in the BOI on all of my entities!

If you buy in at a good cost basis with solid fundamentals, you're going to come out ahead in the long term.

Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report. 

In the end I was forced into the HELOC.

Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!

I guess for me the dividing line is does it damage the function or cause a safety hazard if I leave it on the tenant.