You could probably afford $20,000 without much impact on your budget.

It sounds like you need affordable legal guidance. 

Let me look up for the properties I can afford to buy, live and rent.

That said, Texas tends to offer more affordable housing than Florida’s coastal towns, so your money might go further if you’re buying properties for yourself and your portfolio.When it comes to family life, Texas has tons of family-friendly suburbs with excellent schools.

We aim to bring buildings and properties back to their heyday, at the same time providing affordable and middle income rental housing.

Find the best property you can afford that also can produce enough income so that your monthly out of pocket expense is equal to or less than what you'd pay in rent.

I was further thinking of using 2-person LLCs (my wife and me), due to the greater liability protection they afford over 1 person LLCs. 

I just bought a house that I could afford, did what I could to create equity and tried to repeat that process when I had an opportunity.

How can I afford to buy a bigger house while also renting out my current house?

If you can’t explain something yourself, and need to refer to someone else’s explanation via video, perhaps you shouldn’t be posting about it in the first place.In two years or after the next recession you and all your co workers will be selling something else when your “clients” are left with investments down 50% in value and homes with loans they can’t afford.