However, it's important to keep in mind that there are still considerations to be made for the comfort and convenience of your guests, such as providing access to amenities and ensuring that the space is well-maintained and clean.

We are more than happy to get uncomfortable to get comfortable.

Has anyone else ever gotten too comfortable living on location?

I only use a heloc for an initial purchase or funds for a rehab, which I would complete then do a cash out refi, then pay off the heloc and hopefully have some remaining Run some numbers and see what gives you a comfortable cash flow/ROI/mortgage payments then do into a conventional loan.

$2 mil in the right (safe) accounts could give your Dad plenty of monthly income to live comfortably for the rest of his life.

You really need to figure out what your goals are whether that be cash flow or at least reducing living expenses, or more appreciateation based, there are so many strategies out there but I think that over complicates things buy a house that you can afford and are comfortable with the payments on.

Also, it's a much easier learning curve to manage a property you live in or near, than to try to manage a property in another area/state (which makes management exponentially trickier). ...because of all these advantages, I'd suggest going for a property you know you'd be comfortable house hacking (even if you decide not to HH, it's a very nice safety net to have the option!)

But only if you feel comfortable fronting the costs to get these repairs done.

You should look for properties with a basement or mother-in-law suite if you aren't comfortable with the idea of living with others. 

They told me the following filings would need to be made:-Articles of Reinstatement ($100)-Personal Property Filings for current year and any missed years ($300 per year)This is a DIY task for anyone who regularly files their own LLC paperwork and is comfortable with that process.