Thanks for any thoughts.You can go as big as you feel comfortable with. 

The roof they probably thought was very secure because they paid off the mortgage a long time ago.So, what I'm saying is: you should be free to take any type of risk you feel comfortable with, but take that risk YOURSELF, not by messing with your parents nest-egg/future. 

We are interested in several other strategies but are starting with the one we feel most comfortable with!

In thinking about your first renovation projects, how did you get comfortable determining the costs of rehabs?

Definitely do it, if you are comfortable.

You’re getting me to open my field of vision and reach for something out of my comfort zone, something bigger.

I invest mostly in southwestern-ish Ohio (Springfield and Dayton), which has provided the returns we wanted in areas we are comfortable with.

It is my understanding that portfolio lenders are typically more comfortable lending to investors inside an LLC.I know many other investors have bought properties in their own name to get favorable financing and then performed a quitclaim deed in order to transfer ownership to the LLC.

I've never used a lawyer to set up my LLCs but I would if I wasn't comfortable.

It may feel daunting in the beginning but I you have to go outside your comfort zone if you want to reach heights you have never achieved Beating of luck!