Micheal,There is a couple of other things to consider.  

Plenty of opportunity here in DFW.So far I've been working with a couple of local development firms (Realty Capital & Hunt Realty Investments) that have given me some guidance on the commercial side.

I did this when I was about 22-23 years old, only married a couple of years.

Couples who fight through difficult times end up happier and healthier.

This will put me in negative cash flow for the first couple years.

A couple months of vacancy, a soft rental economy, or a major expense could eat up your equity.

Quote from @Michael Izbotsky: @Ashish Acharya My SMLLC was created after we married, so couldn't that argument carry over that the LLC is "owned equally by both spouses"?

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents

You can pull from the account and have it in your property's account within a couple of days if need be. 

A couple of my clients bought land in Georgetown three years ago when no one paid attention to it; now, they're sitting on equity gains of nearly 40%.