Would have done 2-3X better in stock market, and with 1000% less grief/stress. read this to start with Why your house is a terrible investment - JLCollinsnhAlso, big picture, residential RE, appreciates only at rate of inflation, on average both in US and abroad."

@Travis BoydYou must have put down a pretty good down payment for only a $2400 paymentIf anything I would get a line of credit versus selling as you are also gonna lose the rate on your home and who cares if you are paying taxes over $500k is the way I look at it.

Is there an issue with getting set up with one or more of the credit bureaus and starting to report on our borrowers?

Hi Elwin, first off let me say that I give you a lot of credit for investing again. 

Are you looking for near perfect credit, or are you open to some dings? 

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

By this time next year, we aim to have invested in our first rental property and improved our credit, setting a strong foundation for a successful and fulfilling future.I am open to any knowledge or advice anyone has to give as I am currently learning about real estate investing. 

One thing I would highly recommend that I wish I knew was ask if the seller would be willing to give a credit for a sewer scope, and get a feel for how much they will give. 

What credit score do you anticipate tenants having?

I have a US credit score, US bank accounts and some US-based income, but my paychecks are not.