However, if you are planning to keep one of them and use one of your rental incomes, I would make sure your schedule E is filled strategically or lease agreement of 75% whichever it's lower the underwriter would use.

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

I was inspired by J's books that I formulated all of his sample spreadsheets a bit further by adding checkboxes to his sample rehab costs sheet I walk the property with my iPad, check the box next to the item in the home that needs changed to where I walk out of the home with a running total (estimated) costs on what it will take to reno the home.  

When I sold that property, I was able to buy 3 more in that next 12 months, and free up capital which helped me strategically target value add opportunities ever since.I now own over 10 income producing properties in my market, and have started to really see the benefits of long term investing in real estate.

We need to be strategic.

Let our strategic partners do the shopping for you so you can keep that credit rating up.

The best thing to do to educate yourself is to listen to a ton of podcasts regarding Real Estate investing, and watch a lot of case studies, and Real Estate investing videos on Youtube(Strategic Real Estate Coach, Max Maxwell, Nick Ruiz, Freedom Real Estate investing, Antonio Edwards,  The Derosa group, Master investor 1, Benjamin Blackburn, Clever investor, Mark lane, Jerry Norton, The kwak brothers, Flip Your First House, Kris Khron, Morris Invest, and last but not least Bigger Pockets youtube channel).

Debt overall is bad (unless it's strategic) and I would try to avoid college debt at all costs.3.

I do 100% agree with that and will go that route if needed, but I am really looking to hear from those that started without a good chunk of capital (what worked & what didn't when they went that route) so I can formulate an opinion on whether or not I want to go that route.

These are all the guys I used watch: Max Maxwell, strategic real estate coach, Jerry Norton, Kris Krohn, Nick Ruiz, The Kwak Brothers, Mark lane, Masterinvestor 1, Flip Your First House, Gabe Dasilva, Phil Pustejovsky, and of course Bigger Pockets.