Needless to say I don’t sleep much.Experience:We have some limited experience in real estate.

There is a city ordinance limiting unrelated occupants to 3 per unit.

@Ken Nyczaj The postal site information on the CRRT is limited.

Very practical differences between two people forming a general partnership, limited partnership (unlikely), or LLC (most likely) for this type of thing. 

If there are a lot of tenants searching for rentals that allow pets, it is best to cater to them with whatever limitations seem fair (pet age, breed restrictions, size, etc). 

You don't even own the place yet so no reason to accept a liability like asbestos.

Hello,I have 6 investment properties overall and am having difficulty obtaining a-line of credit on one of them because of the banks’ limit on how many rental properties you can have to lend to you.

The condition of homes newer than 1978 will determine if they still qualify for financing, plus many lenders will have their own 'risk overlays' in addition such as they may require the home be even newer than 1978, some limit them to 15 or 20 years old. 

I do wish there were more transparency, like allowing non realtors limited access to the MLS.

No cash flow, tons of dead equity killing your true cash flow turning your investment into a liability.