About 15 years ago contract for deeds were virtually eliminated in Texas by legislation which not only limited the benefits of using a CD, but introduced severe penalties for even minor issues of non compliance.  

I'm guessing since your and your wife are busy you would be using a property manager even if you lived near Columbus. 

@Tomomi Ohta I don’t know a single investor who would evaluate properties in Texas using a 2% rule, let alone the 1% rule.

Hi Norma,I recommend using a DSCR purchase whereas the property qualifies itself, no tax returns , no employment or income required.

We are using a Debt service coverage ratio (DSCR) loan.Lessons learned?

I financed this deal using a fannie mae 5% down payment loan.

Instead of using a single color for the entire exterior, consider adding details to the stucco to make a significant difference.

Using a Roth IRA for multifamily investments offers tax-free growth, but you lose the ability to claim depreciation deductions

What is the blended rate versus simply doing a purchase using a renovation loan. 

Btw, right now I'm still using a self-built Excel spreadsheet that works just fine for me.