I was obsessed with the show Shark Tank (and I still am to this day) and I realized I wanted to be just like the Sharks- have a lot of money, make the decisions, and be in control of my time and location!

HML over the past few decades have become synonymous with "Loan Sharks". 

If that's the case for you, I would recommend getting it on either your or your wife's name (assuming you can qualify with with income from only one of you), so that you're only taking up one conventional loan "slot" since Fannie Mae/Freddie Mac only allow 10 per person. 

It took me a while to find a realtor to make offers I wanted and do what I needed for touring of the property. but I did and he's a shark.

I was surprised when I had a licensed plumber use shark bite in an inaccessible spot behind the shower, so all my brand new tile was likely to get busted out WHEN (not if) it leaks.

It sounds like you have razor thin margins for cash flow with this property.

Sharks?  

I learned a couple of things from swimming with these sharks.

@Anthony Dooley  well obviously we need shelter I am not advocating living under a bridge .. the reason buying a home first for many is a logical step is as much how our financial system works first time home buyers can get into a home with an FHA loan or a USDA loan and there are all sorts of down payment assisstants  etc.. as you know your a realtor.So they can get that home.. and in low value areas if they just put the amount they would pay for rent against their mortgage they would own the home free and clear in probably less than 10 years.. with next to nothing down.. so you have not tied up anything but one loan slot.. not much cash and it does not hurt your DTI.Now if you try to start in investments first you need much larger amount of money down.. you have no experience owning properties.. so financing is tougher..

Way to find a slot where little to no products are and offering something that others do not.