I just landed my first property (woo!)

Of course my nosey self had to go look up your rental property.

My question is can we create a LLC for her and Dscr refinance our current property into it to free up my dti?

In Collin County, consider properties with strong appreciation potential in areas like Plano or Frisco.

Hi Allen, when I got started, I used a 3% down conventional loan to buy my first property.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

Purchase price: $150,000 Cash invested: $6,000 Single family home investment property 30 minutes outside of Greensboro, NC.

You should do all the same level of due diligence you otherwise would to buy the property. 

One thing you might do is sell your more expensive properties and buy less expensive ones. 

The property has been 30 years since it has been updated and it is in need of a renovation.