Build a big list of evaluation ratios etc. 

So, having a trusted and experienced Realtor to provide you with an evaluation would be a good start to helping you really assess your options.First, I would ask you what your ultimate goal is...? 

Once your pre-approval is finalized, evaluate each property by inspecting it, confirming the rehab scope, and making offers based on realistic numbers.Drago

@Sonu Sundar - I evaluated Dubai real estate investment last year, as the cash flow seemed reasonable, and the appreciation potential looks significant.

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

By insurability I'm referring to the problem created for title insurers evaluating what has transpired and whether they will issue a policy on the next transaction.

(We had a boat as an AirBNB and the plumbing would clog very easily and we had to state a similar statement and it got us out of refunds and bad reviews) hope that helps! 

Average rents for a well maintained 2 bedroom apartment are easily $1000.  

There are easily 5-6 meetings per week you can go to and learn from people who have been in this business for decades.

However, evaluating your sentiment (and your wife's) on that will be important.