On the fence regarding a REI ..

[Josh Jensen]

I'm data driven, and would like to make the decision to purchase another property based on numbers (verses a 'gut feeling'). While I know it's a great time to purchase an investment property, I'm unsure if I'm in financial position to do it right now. Stats below: 

* I purchased my first home (my family lives in it currently) 2 months ago. We made a move from CA to UT recently. 

* My wife is out of work due to COVID. We have 3 small children under 8 years old. 

* We have less than $500 liquid assets. 80k in student loans, and 1k in CC debt

* I can possibly have 2 other investors purchase the property with me, but I"m concerned about the possible future legal complications that could entail. 

Should I move forward with the dream to purchase another property to (hopefully) secure our financial future?