Real estate is where I've wanted to build my success for a while, but I've hesitated on pulling the trigger for fear of failure.

As it's my understanding AZ is a community property state, you could treat the 50-50 husband-wife LLC as disregarded and file Sch E under Rev Proc 2002-69 instead of a 1065 to save compliance costs.Talk to your tax CPA/EA and attorney.

Following his advice the best we could, we found a rent ready home in Georgia that slightly exceeded the 1% rule and pulled the trigger.

What made you finally pull the trigger into investing?

I'm still a few months from pulling the trigger on an actual deal, so I would love to hear constructive criticism now!

I would ignore any concerns you have about mental disabilities and just focus on the tenants' compliance with the contract.

@Shane Brown I think the hardest part is going to be to know when to pull the trigger.

Turned out I just needed to pull the trigger and get out there. 

I personally feel like there is a lot of demand for real estate, and that interest rates may simply curb demand enough to keep things flat instead of triggering some kind of fire sale (although that could be cool!). 

I personally only have success from repeat customers who I know are ready to pull the trigger when I have a good deal.