From there, we will use the equity in our primary to buy more after were more established.Use the full 800k to buy the primary, then when were settled, use home equity for rentals.House hacking isn't much of an option.FHA is possible though were on only one income for now.To round things off, I will be graduating in Feb with a BA in computer science and no debt.

In TN, KY & GA - Erie, State Auto and American Modern are great for rentals. 

I plan on super "spiffifying" this property, Good price for a nice little property.You said you wanted to super spiffy it up.I did a quick mockup of a more modern look.Hardieboard, stone, metal roof, eaves extended, etc...Lighter colors look bigger.Good Luck!

Not so much wetland delineation (need really strong plant ID, soil science, and ecology knowledge) and wetland/waters permitting unless they specifically stumbled into/specialized in that field.

Luxurious finishes can give the feeling of comfort, sleek and modern finishes can give the feeling of efficiency and a simple design can give the feeling of sophistication.

On the note of topics and code, depending on when the house was built if you replace the dry wall you lose grandfather status and will be required to update both the plumbing and electrical to modern standards.

@Orlando Goodon it's certainly an art and a science.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

Built in 2004, the buildings offer timeless architectural design with all the modern amenities and construction.

because all of the new houses i see still have the sidings like older homes, only the front is modernize. what makes me believe they built it over the old frame.i should point out I'm in Chicago.thanks in advance!