How to get the spouse on board

[Chad Summy]

Looking for some advise: my wife is on board with at some point in purchasing a rental property, (and we will be seriously looking in a year) but with some stipulations.

- We do it on our own, we front the bill for the 1st property so we have proof of concept basically.

- I have to have it all written out for her to see and understand.

So focusing on that last point, what info do you find is needed or great to have to start?

Some of my thoughts:

- Know what type of property we want

- Have a lender lined up

- Have a rental contract created for tenants

- find highly rated service providers in the area (plumber/electrician/ext)

I want to be able to present her with a “Start up to rental property” packet. She knows it’s my passion and is willing to support it but she wants as few surprises as possible, and it’s needs to be in writing or she isn’t in board.

Thanks for the input in advance!