Networking and securing the right financing will be key to getting that first deal done.

Secure Smart Financing – Consider FHA, VA, or conventional loans for small multifamily (2-4 units). 

I have never had to file a claim though so I can't speak to that experience. 

A rental market analysis can reveal demand trends​.Secure Financing: Lenders offers tailored loan programs for multi-family, mixed-use, or fix-and-flip projects.

I'd like to share the excel file but I'm having trouble navigating FilePlace to upload it.Appreciation vs. cash flow, I’d prefer a balanced market that offers some appreciation potential.

I would certainly disclose the currently approved special assessments, but since any further financial obligations and project plans have not been voted on by the membership, approved in a budget, or secured in a loan; must I disclose the knowledge that the board is trending in that direction?

@Tyson Regier  I agree with Megan, and would add to her list Annual fees associated with each llc to keep current/registered with State.Annual Tax filings costs...

When we sold the house for a large profit, it was difficult to determine who got what profits and the CPA struggled to navigate how to file taxes since I lived in the house for over two years.

Lastly, be sure you hire a good securities attorney. 

Putting the property into your name only isn't going to help you if that trust is a disregarded entity and you and your wife file a joint tax return.