And I would pay the note directly to the bank (on the first of each month) and always provide proof of payment to the seller which is a benefit for both and I currently manage two properties for my mother so I'm not exactly brand new to real estate.

@Bill WilliamsNew Mexico is one of about 9 states that has a Community Property right between married couples, which includes ( as I understand it), as stated previously, the home acquired prior to marriage belongs to the individual, not both of you; hence she would have the freedom to sell or mortgage that home anytime, without your consent involved.Any income earned from such a separate property belongs to the individual, but if you choose to share bank accounts and 'commingle' funds, and the house is sold, those proceeds placed into a joint account become community i.e. both of your funds.Community property is acquired by either spouse during marriage, and selling or  encumbrance requires both of your signatures.  

If there are thousands of brand new, rental units down the street, will supply outpace demand? 

A couple of questions I have are:I see that typical rates are 1 - 2 points.  

Hi, I'm a mechanical engineer running a couple of business right now.  

There are a couple hard money lenders that finance 90% of the purchase price plus 100% of the rehab costs if it is within their min loan amounts.  

Brand new to real estate investing and looking to use wholesaling as a starting point to grow my capital before diving into buy and hold rental properties.

I know a couple people in Houston but neither one of them is into real estate.  

We live out of the area, but will be in Chattanooga in late September for a couple weeks.  

 I have talked to a couple people about partnering up but the folks I have managed to chat with thus far havent been able to bring anything to the table that I cant do myself and dont seem to be as knowledgeable about multifamily buy and holds as id like them to be.