I’ve not had a chance to research the percentage of households that were renting at the end of the recession as compared to before to see if there might be a potential benefit to having rental property in a period of time when people are not buying homes.Good luck with the first property!!

If you still are still undecided after considering those factors, I would compare both markets.

Due diligence and hiring an attorney prior to the deal instead of after the deal is preferable but not infallible. 

@Mickey Bradshaw - Yes it comes down to vetting your JV partner and talking with people who have JV'd with them prior.

If doing so prior to "re-fi" would open up better financing options it seems to be the best choice as we plan to rinse and repeat of coarse.The 1.2 Debt service ratio is the same as DCR ?

You also have to work under a broker though so you’d want to be upfront about your investment plans prior to signing with them.I have never heard the thing about having to pay 70 percent value for a house if you are a licensed agent, it sounds like a myth .

The window to fire them without penalty is 30 days prior to anniversary.

Grid) finds this acceptable as long as there is a written agreement in place prior to the tenant taking on the additional usage. 

Find comparable properties that have a similar amount of square footage and lot size. 

Comparable sold comps for existing fourplexes?