Whether to go with a BRRRR deal or multiple down payments depends on your risk tolerance and long-term strategy.

Investing comes with some risk.

If you put the house in her name and you have siblings or other folks who would have a claim as a direct heir on her estate, you run the risk of losing the property to another heir. 

Take your time, be wise, and time will reward you. agree 100%. you have people here on BP who have been in real estate for 20+ years and always talk about the risk and how hard it is - and then you have people who will tell you that after a weekend of a month you can make six figures in real estate. 

Hello Frank, I think house hacking a small multifamily property that you buy with a low downpayment is one o the best and lowest risk strategies that you can get started with.

And DIY repairs are not recommended for other reasons: it will take you much longer to complete, depriving you of rental income, and you run a high risk of your wife becoming your ex-wife.Same risk exists if you push your wife into becoming a Realtor or some other real estate activity just for the sake of tax benefits.

You are effectively operating a hotel, which is a business enterprise with very different risks and hazards to insure.  

With rapid appreciation and cash-out refinancing, you will only need a small portion of that amount.Low risk of natural disasters.

I will say anyone offering this should be giving you all the pros and risks of the flint marketplace.

You'll have a small empire by the time you are 30.However, being a landlord involves a lot more than just collecting checks.