Adding in the property management fees for an out of state owner and my Dallas experiment ended 6 years ago.... with that being said, those Dallas properties have finally had some appreciation. 

The fees can start adding up quickly.

Our townhouse is in my wife's name only on title and mortgage.  I would like to add my name, and eventually refinance the home in my name using my credit and income. Questions are:A) How do I add myself and record it ...

Thanks for adding me :-)

However, if your reasons for selecting different tenants are fair, nondiscriminatory, well-documented, and you applied your screening requirements uniformly, you should be protected.ThinkThe major drawback with adding social media to your tenant screening process is that once you learn something about a potential renter, you can’t unlearn or unsee it.

Good agents know that you won't be a one shot wonder, and will provide that added value to tell you to consider other properties, or if your bidding possibly too high or too low, and be accurate in their assessment.

Some lenders may request an appraisal fee, but be sure to do extra due diligence if anything feels sketchy or too good to be true. 

What are your thoughts on the pros/cons of making another principle payment with the extra cash from your roommates rather than using it to pay for the operating expenses and capital and living for free that way?

Have a handful of SFHs and want to keep adding. 

Step away from this nonsense.Unless she has a source of income to actually buy this, that she hasn't declared to the local housing authority, I will bet that she wants to use her Section 8 deposits to  you to purchase the house. and if she hasn't declared her extra income to section 8, then she's just defrauding the system.You can either say "no" directly to her, or just say that you still have a mortgage and you can't enter into a lease purchase agreement for at least another 12 years.