My schedule allows me to have Fridays off and I'm using that time to maximize my learning through BP.

Hi, I'm a 27 year-old engineer looking to learn about commercial real estate investing in order to acquire properties that will provide a steady source of cash flow that will allow me to continuously add to my potentially higher-return stock positions, as well as cover living expenses. 

So I guess it depends on what your budget allows.  

You have a decent amount of equity to work with, so crunch the numbers, get it inspected (if they will allow it) get estimates and then decide

Be sure and get the contract that allows you to escape if you cannot assign it.

You would probably need to issue a W-2 for your wife.On $100K, it likely will not provide a huge benefit to add your wife, as you would likely not max out contributions in your own name, but having her as a documented employee of the company would allow her to rollover existing savings from another retirement plan into the account.

This allows you to survive if something unexpected happens, or to invest again once you get some confidence and learn more.Trust your research, trust your calculations and ultimately trust yourself.  

Just make sure your offer contract allows you an inspection period with the option to back out if your inspection comes back with any big ticket expenses that turn it into a bad deal.  

Always do a math analysis and try to look at the prospective property before you make an offer or at least have a clause in the sales contract that will allow you some time (about 15 days) to do a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.Do not try to do everything yourself.  

Some may not allow you to refinance for more than the original purchase price, or charge you a higher rate to do a cash out refi.