Real estate investors should consider key tax aspects for financial optimization and compliance.

This strategy requires a solid financial buffer to handle the negative cash flow and any unexpected expenses.

Eventually they get annoyed and politely end the call and the same individuals never seem to call back anymore.

A person should choose what they are comfortable with as well as what makes financial sense in the particular situation.

Unless you plan on purchasing the property with all cash; obtaining any type of financing for a property as a married couple will mean that both of your incomes and financials will be factored into the financing with conventional lending.

What can we reasonably hold them financially responsible for?

but, we do have a work around for this in the states we lend.For non conventional products it is up to the individual program requirements.  

Example: "I want to build financial independence through real estate investing.

By the mid 90's I partnered with a couple of other individuals and developed a plan to build a rental portfolio. 

Consider Offering Incentives: If the tenants are unable to pay the full amount of rent owed, consider whether offering them a financial incentive to vacate the property voluntarily could be a viable option.