Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.  

But it sounds like you should also balance your decision on what fits you and your families preference and style since you will be using it personally. 2.

Yes, in theory a person can make CRAZY $$$$, and some absolutely do. 

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

Sounds like the person knew what was going on with their credit report as they have filed reports in the past. 

I am really interested in meeting any in-person groups in Boston (now-May) and Chicago (September-Onwards).

I would not borrow from ANY lender I learned of over the internet unless I knwe personally people who had used them. 

Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.

You are going to send your wife to personally unclog that toilet.

Personally, I self manage but have built systems to allow it to be fully remote and very passive.