I'm a relatively new REI that started my buy/hold adventure about 1.5 years ago.  

She's hasn't committed yet, but that would be wonderful for my investing adventures. 

Any advice will help this adventurous gal.

I would suggest that once you have some markets narrowed down, your first interview should be with property managers as they will have many of the other REI resources you require but again, I'd strongly urge you to interview and verify their capabilities from other local references.Good luck in your REI adventures. 

My wife is on board with me in this adventure and we are looking forward to replacing here current income.

I read that article last night - it contains a lot of words but doesn't actually say anything new or insightful.The current environment is different than the 2004-2007 adventures because the lending requirements are (theoretically) more strict and appraisals are more reliable.When I refinanced last year, the bank sent an appraiser who actually stepped-foot inside my house to look around, take notes, take pictures, etc.

If I keep the home, I would do my best to try and pay down on the loan primarily through wholesaling/flipping so that I could attempt to refi and drop the mortgage payment.Option 2 - FoldIve thought about walking away because I believe the money we would free up could help drop some debt we have elsewhere (small amount of CC debt and student loans) or with saving up for our future REI adventures we have been planning.

Look forward to anyone who wants to say hi, and I look forward to joining the adventure with you.

Good Luck with your Real Estate adventure, if you ever need help with anything here in the McHenry, IL area, just let me know - Happy Holidays !

It had to happen sooner or later . . . sigh.We have been quite fortunate in our 6 year adventure as landlords.