Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.  

Ideally want to break even or cash flow with the 3 tenants.

@Victor Yang When gifting a house, the FMV at the time of the gift counts toward your lifetime gift exemption (currently $13.92M per individual in 2025).

I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.

Warner Robin's is another great market...there's  an airforce base and it's in close proximity to Macon which makes it ideal.

Quote from @Michael Smythe: We're far from perfect, so our 2 cents should be taken lightly.Most of the national companies are setting up franchises and the challenge is with the individual franchisees.

Each note is reviewed individually and most note buyers will provide quotes once the transaction has closed, recorded, and the first payment made. 

A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

Do any of the tenants have Dogs (Breed restrictions are individual to each company).These may not prevent you from getting insurance but they may limit the number of companies willing to insure it.

Ideally, you network with people who have owned properties for a long time.