However I prefer it to just be me as this is currently my goal of becoming financially free through real estate and not his at this time.

I am looking to setup payroll for myself out of my company, call it LLC #1, and LLC #1 is owned by Parent LLC which I am looking into doing an S-Corp Election for.

Any recommendations for affordable companies that provide this coverage in Northwest Indiana?

I flip, invest, and own a property management company in central CT.  

I rent single family homes to companies that take care of special needs people.  5 unrelated individuals is the limit for a rental property but people still refer to them as group homes. 

Examples - owner occupied loans for house hackers, specific market knowledge (ie - friend of mine that ice fishes and bought a short term rental cabin in an ice fishing spot that you and I would never know of), ability to do renovation on your own or cheap, contacts with local companies or organizations that would be a tenant source for mid term rentals, ways to source off market deals, etc.Whatever it is, figure that out and get started.

Building leaders and entrepreneurs will be a win-win for the company and for individuals.

However, this is a larger banking company and I have heard it can be better to have a HELOC with a smaller, local bank.Option 2: interest rate is prime +0 with a max of 25%.

I am a mortgage broker; I haven't done any loans in Detroit but this is where you do your due dilingence by calling the title company and finding out what their cost/fees for doing the settlement will be; you would have to give them the subject property address, and tell them that is an investment property. 

@Dav PohoteThe answer is it depends,Currently you may be much better off at 15 years due to where interest rates are but when they were 3-4% you could have invested the delta between A 15 and 30 year payment and achieved a return better than the interest you were savingIt’s also a personal preference where people like to have less debt and sleep better at night - I am 100% with that being the reason to do 15 %For example for us our primary is 30 year at 3% and we have a rental that we 15 year at 2.5% and reason we did 15 year on it was it matures the year my son will go to college and we did not “need” the cash flow during this time so we were like let’s have it paid off and then it’s cash flow can be used for his schooling or sell it to pay for school.Lots of things to consider and each situation should fit your needs