You need to start bringing in options 2) The assets you trapped in your net need to be analyzed now A - Z and pick out the best ones based on area, grade, project cost, ARV, etc. 

You can figure out what depreciation would get created based on the particular property you're buying and you can then use that depreciation against your wife active income and make the calculation like that.

Jake Clopton at Clopton Capital would be a good person to call to see if it's a match based on the size of the deals you want to do.

Although after speaking with other investors, some are telling us that it is not necessary to start a corporation for our first investment and its better to just buy in our personal names and incorporate later.This sort of advice that we have received is based on the information that a corporation costs more to start up and maintain.Should we incorporate now or later?

Based on what you wrote and what most contracts say you will likely:1) Not be able to back out without penalty.2) Might be able to back out without penalty.3) Not be able to back out without penalty.4) Not be able to back out without penalty.5) Not be able to back out without penalty.If your contract says that the property should be delivered vacant than you should be able to back out without penalty.

They provide insights into the market rent based on the number of bedrooms and the address you input, along with some rent comparisons.There are many factors why a listing might stay on the market for too long, and one of them is pricing.

So a couple of books by Frisco based Craig Hall. 

They are also making the numbers.Challenge yourself to look further and what is the plan based on your living expectations.

As I am building this plan, is there a rule of thumb I can use for future value based on NOI?

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