If that sounds like a challenge you want to take on, then there can be plenty of financial rewards. 

Is that ideal or should I put myself in a better spot financially before making any moves?

Our goal is to be financially free within 3 - 5 years, allowing us to work on this endeavor full time.I want to thank everyone who has contributed to the site as it has been an amazing help and I look forward to staying engaged on the forums to pay that back as best I can starting with this way too past due introduction.My wife and I are focusing on buy and hold rentals and flips in the Chicagoland / Central Illinois areas. 

Whether it was the realtor or the financial, who knows...

Without positive cash flow it will only become a greater financial drain on your life.

@Valerie Copeland there is a lot more to this, but the BP rules (2%, 50%, etc.) are completely pointless and are causing folks using these calculators to produce false financial pictures of properties.

Just getting into the cash flow/financially independent life idea myself.

There are a lot of costs that go along with owning a house, and if you forget to take something into consideration when running the numbers you can be in financial trouble quick. 

This is "possible", but generally not financially beneficial.At the time of distribution, the property will need to be appraised. 

But, I need some coaching as far as financial strategy.I have an 800 credit score and no income (new RE agent) and my husband has a great W2 job but really poor credit due to some major credit card debt (long story).