@Dan Bryskin, thanks for the encouragements.

I encourage you to reprogram your thoughts first, then you will be able to see the other  possibilities as I do now.

Know your resale value before you step into any purchase and make sure it will cover your expenses - including realtor fees, property transfer taxes, etc if you'll be selling it in a year or two - and then include the profit you intend to make too.I'd also encourage you to research mortgages from an investor's point of view. 

Most of the time the responses I have read here on BP are respectful, encouraging and truly helpful.

OOS is great for investors who can scale quickly to fifteen/ twenty SFRS otherwise earning $200 to $300 a door is not meaningful

I hope this post encourages other people to work and in pursuing your goals.

We are located in Charlotte, NC, and here is some back story to help encourage professional opinions.As of right now My wife is a full time student at UNCC scheduled to graduate in December of this year (Woohoo!!)

But, one other word of encouragement. 

I am preparing to begin a campaign knocking on doors and sending yellow letters to buy a multi-family home and would welcome any advice and/or encouragement you all have to offer.Thanks!

@Upen Patel is correct of course regarding the LLC, so I would encourage you to ask him specific lending questions.