The other advantage is that you can invest in a far larger properties then you could when you are the sole owner.

The source of our health problems was determined to be toxic black mold, ultimately resulting in the total loss of our home and the equity on which we were depending.

Want to avoid drawing off of everything we've got for as long as we can, but it would be great if we could get another revenue source within the next 3 months. 

Are you within a 1-1.5 hr drive of a major job source?

A hard money loan is an asset-based loan with a high interest rate that usually serves as a short-term source of financing for borrowers who can’t qualify for a mortgage with a typical bank or mortgage lender.

Line up your potential financing sources first.

I've had a string of successes investing my own money and would eventually (after a few more personal deals) raise money from outside sources.

@Lynn Currie, we are looking to do it for practical reasons upstairs in this house but I would like to have it for solely aesthetics reasons on the first floor. 

If it's listed, it's too late.Spend all your time over the next 60 days researching and understanding how to use "Direct Mail" to source undervalued real estate.  

Post pics and also tell us:* Why you chose Broadripple for your first investment property* How you sourced the propertySounds like your plan is coming together nicely!