Tougher time of year to find lots of tenants.

It may get you some more interest but again if the old tenants haven't moved out then it will still be hard.Now is a bit tougher time of year now that schools are back in session but with it being a 2 bedroom you should still have some interest from those that don't have kids and are typically good to move at any time.When are they moving out?  

If the same happens to your husband and you're both out of work for much longer than you anticipated, your situation will be even tougher.

If you are planning on investing from out of state I would definitely stay away from some of the traditionally tougher areas of the market...

If they want me to be the responsible party, I will have to transfer that burden to my tenants meaning a bigger deposit or tougher renting rules. 

On the one hand managing 5  or 6 properties is the sweet spot for being able to qualify for all things residential and is easily doable for a busy person; on the other hand it is becoming tougher because you don't have the benefits of scale where the income becomes more significant and helps you through a vacancy or 2.

I mean be forewarned I don't do it and it is tougher than many people say from what i hear but there are a ton of resources here to teach you about it.

Being around the city has to make it even tougher.

Transferring it and getting a new loan will not be as simple as you think as it will now need to be a commercial loan and may be tougher to get.

Also it's much tougher now to get enough discount on a short sale to flip it, as opposed to a few years ago when the banks were buried, and deals fell thru the cracks.