About tenant belongings, I have heard stories of people just taking the belongings (although there is some grey area in here where the tenant does have the right to claim them for a period of time), but usually what happens, is they leave all the "junk" they didn't want, so that you have to deal with it.

My wife has enough DTI IF theyll use a lease on a property shes had in her name for less than a year with no schedule E yet.

I feel like I know enough to be dangerous...Finding an opportunity that makes financial sense is my biggest obstacle. 

My biggest obstacle is trying to figure out where to start.

There is a wealth of knowledge in here to help you with your business.

I'm a big fan of the working backwards method since it helps you align your actions with your goals.Another big thing, in addition to digging in here through the podcasts and blogs, is to get out there and meet people who are doing what you want to do in your area.

I'm sure the QI's can weigh in here, but generally speaking it has to do with intent, not so much with time that the asset was held.  

My immediate plan is to, as I said, get my house in order and get smart on what I'm wanting to do, so I can mitigate the inherent risks involved so I can get my wife onboard!

Check out the UBG: Ultimate Beginners Guide, a free guide by bigger pockets that'll help you get started on your journey (I'd put the link in here for you but I'm on my phone) Also check out the podcasts.

There's nothing inherently wrong with your premise, you just need to find a better property.