Note if I was in a market without the historical appreciation of our market then I would be more in favor of paying off properties as the leverage benefits from the appreciation (property and rent appreciation)However, I realize 1) sometimes the tortoise beats the hare 2) that there may be more risk involved with high leverage and that some people do not function well with risk. 

Hello everyone,I have a few questions regarding the BRRRR strategy since I am in the beginning stages of executing my first purchase using said method.

Hello everyone,I have a few questions regarding the BRRRR strategy since I am in the beginning stages of executing my first purchase using said method.

Your vision and desire to even dream of doing a project this big, your resourcefulness to put all the pieces together, the ability to sell your idea and yourself, your honesty & integrity with everyone involved, your willingness to pay off your debts and make the hard sacrifices and your humility to share your experience are the ingredients of  super sucessful entrepreneurs.The things you've learned from this experience will help you for the rest of your life.

The method wiill speak to what type of investor you are and we can better advise. 12 months ago when you paid this house off, why did you do it? 

The typical method of going through a real estate agent and using MLS doesn't seem like the ideal path (if only the easiest and most typical).  

It just takes some plugging away - either banishing the lowest-balance CCs first or finding some consolidation method (HELOC, mortgage, whatever). 

If you Dad stays on the title as an owner he will need to sign loan docs etc, i would rather keep it simple too, but its not a big deal to have your Dad involved if you have good understanding with him.

@Lee Ribeiro lots to go over here so I'll try my best to address these one at a time:"Getting mortgage under my name to get around me being on title less than 6 months" - this method will NOT get around this Fannie/Freddie requirement. 

It's not worth it.I'm told that FHA has ways of finding these things out that are more involved than just getting your mail at the address.Ohio is not listed in this resource: http://www.ncsl.org/research/financial-services-an...But in many of the states listed, mortgage fraud is a felony.