If you focus on long-term holding for five to seven years, then using the above scenario on the house you are looking at, you will make significantly more on appreciation and debt service than cash flow. 

Debt Protection: If you have mortgages or private loans, a life insurance policy can protect your family or business partners by covering outstanding debts in the event of an unexpected passing.4.

Together we make about 120k-ish and as were doing this, were actively paying down our credit card debt which together is about 20k at the moment, just fyi.I feel like this is a solid plan, but I'm not too big headed to admit that I don't know everything.

Combined that can cost $50k+ which they may not want to pay nor their is the possibility they would not they pass the DD report.Nothing wrong with raising money in this fashion (FB or online ads), many do it and are great sponsors. 

Combining a cash-snowball with buy&hold is the dream team!

Most landlords don’t go looking for a property manager until they’re dealing with an issue—tenant headaches, late rent, maintenance problems—so your marketing should focus on providing solutions, not just listing your services.Marketing Strategy: Combined or Separate?

.• Minimizing Debt: I want to avoid overleveraging and maximize cash flow from the start.• Property Management: Since I’m investing out of state, I’ll be hiring a property manager to handle day-to-day operations. 

Debt to Income Ratio will be used for more conventional types of financing (Fannie/Freddie).

Below is my logic and strategy.Our combined 401K balances are $550K and Roth IRA’s are $55K.

You could use a combination of the move out inspection from the previous tenant and listing photos.