Your wife and her sister could then apply for a HELOC on the property, using the funds for investment purposes.If you are the primary investor, the new property should be held in an LLC, with your wife and her sister as the members.

Find someone you know, like, and trust, then partner with them on a deal.This doesn't have to be an existing investor.

Quote from @James Jones: Hey BP community,Excited to join this amazing group of investors!

Your deal looks strong for a first-time investor, especially with a 20-36% cash-on-cash (CoC) return.

I've got about 7k in an emergency savings account.I am in the process of getting several mortgage pre-approvals to compare fees and get an idea of how much home I can realistically afford.I have yet to find a buyer's agent/investor to help me identify potential homes but will start on that shortly.Ideally, I would like to buy a single family home.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

She passes her trade discounts on to the investor and works with the GC and Architect on plans, finishes, project management, etc.

I enjoy connecting with Realtors, investors, industry professionals to explore opportunities and share insights. 

Westside can be rough especially for a first-time investor.

The debt is not yours, and unless a question is asked in a way that would subject every investor to having to reveal the debt of every entity he was an investor in, you should have no problem.This is based on my knowledge and experience, I am not an attorney.