Even if it takes a couple more months to get a good tenant in it cost a lot less than a none paying tenant for several month, court fees and rehab fees.If she cant pay 1st last and security right now she most likely isn't going to be able to come up with it after she gets in. 

I’ve let a couple of preapprovals slip through bc I did not have enough off time to find the right deal.

Couple scenarios to illustrate:Scenario 1: Let's say both deals create $10k in equity and produce +$400/mo in cash flow. 

As a married couple can we file taxes separately and each have our own primary residence? 

@Grant BoyntonI'd shy from building new for a couple reasons: This is an area where volume and capabilities matter with regards to a brand, ability to sell your product, ability to negotiate favorable terms for sub contractors etc. 

The one thing I would keep in mind is that if you take this deal your investment plans of any other type will likely be ground to a halt for the next 3 years and likely a couple more past that time.

Hello, I have a couple of rentals, LLC and w2 and distributions from LLCs.

My guess would be that in a couple of years this will all be a moot point anyway.

@Chris Tracy@Eric J WilliamsThanks, ive watched a couple of his videos on YouTube.

I found BiggerPockets a couple months ago and bought my second investment property a couple weeks later and I am currently putting together the financing for my next.