Let us know if you have any questions about the area - there are a ton of experienced investors that can chime in here.

My wife and I own a home already but the mortgage is in her name only.

Thanks everyone for chiming in.  Here's

That doubles the importance of ensuring your capital expenditures and repairs are minimized.Smaller properties also minimize the risk of loss by inherently limiting the amount of use.

I'm looking forward to learning more in here.

She recently notified us that she found a bedbug and a week later found 3 more in her mattress. 

Super thorough, I’m just getting my feet wet and some of the things you’ve covered in here are great questions/advice.

One obstacle I see in the future is competition driving prices down.

Sold in 14 days 96% of list priceWatts Duplex for $350,000 buyer was a nice family who owns a lawn care business, bought it with an FHA loan, sold in 7 days full priceJefferson Park $759,000 sales price, it was bought by a nice lady in her 30s, she makes $15-20,000 per month as a financial adviser and put down 20% herselfLong Beach $500,000 sales price, bought by an investor in a 1031 exchange, he paid full price all cash and closed in 21 days.

It seems as though it's not in some areas, but I think the listing agent has an inherent knowledge of the property the buyer's agent wouldn't.