It's all been very professional so far.After I closed, Homeroom did the work to add an extra bedroom (6 rooms total), bring it up to code, and get it listed.

James,There are several grant options and DPA program out there have you reviewed all of your options and compared them to BOA? 

One way of doing this would be to keep everything currently in your father's name, create a living trust, and son and daughter would be beneficiaries of the trust, and properties will remain in that trust upon your fathers passing in the future, from there you will have options as to what happens. 

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

Transparency and going an extra mile from platform's billing team should be encouraged :) 

I thought going in that we would start an LLC but have come to learn that LLC's have very limited lending options for real estate and that our LLC would require us to file taxes as a business because there are 2 of us.

We've spoke with multiple banks at this point to get a few options. 

I've heard renting 3 bedrooms is a very crowded market so thats why im looking to do the smaller 1-2 bedroom options Im concerned about all the competitions and the somewhat transient nature of the city.

Hi Mariana, Cleveland and Columbus both have some great options. 

You have all brought up some great concerns regarding depreciation recapture and tax free gains vs tax deferrals, I think I need to zoom out and look at the bigger picture when comparing all options.