The process must be understood and applied to team building, investing your and 3rd party capital, and financial deal structure with debt and equity sources. 

We recently purchased our "forever" home together in another county and applied for a homestead but of course we were denied because they found out we had 3 active ones in another county.

@Denise Lang some copy & paste thoughts:TYPES OF RENTAL INVESTMENTSRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Establishing an in-house servicing operation is a natural complement to the company’s core business purchasing and repositioning past due residential loans.

For additional context, here’s a snapshot of our financial situation:We’re paying the mortgage on our primary residence.We have one car with ongoing payments.I anticipate it could take up to three months to find a new job.I’ve already applied for unemployment benefits (in PA) and am waiting for approval.I’d greatly appreciate any advice or insights.

The nature of the relationship to me seemed exploitative and it bothered me a great deal. 

I might say that most of those are going to be residential in nature as well. 

There is certainly room and reason to apply different approaches and many different approaches can work well. 5.

Be clear about your requirements before inviting them to apply.

Yesterday, I applied for a loan through a couple program approved lenders and an investment friendly lender recommended by bigger pockets.