Check your local and state regulations regarding this business model.  

Specifically want to know if converting to LTR will allow for bonus depreciation which we would use to offset w2 based on wife REPS status.thanks for the advice!

Unfortunately the rates and terms they charge are so high that they priced themselves out of the industry.

It's hard to come up with specific criteria before seeing how much I would be approved for. 

In short, I wouldn't be doing this without him.However, your comment did register with me as I should have researched more about what is industry standard before getting started.

Additionally, the latest trend in new construction involves building properties specifically to rent.

We are working with a consultant on staffing and regulations. 

Dedicate these funds specifically for your down payment, and you’ll reach your goal faster than you think.

As always, consult with your lawyer and CPA regarding your specific situation. 

It can take a little digging but they are not that hard to find especially when you have a solid network of other investors, wholesalers and good investor friendly agents.Location is going to play into all the things you have to worry about in terms of rents, sale prices, crime, STR/LTR.Do you have a specific zipcode or area you are thinking?