We always start from a financial side of thing and move forward, when it's time to inspect the property we arrive with our contractors and really get cost and condition to confirm what we already expect.Good luck!

Read more: http://www.bankrate.com/finance/financial-literacy/when-is-cash-out-refinancing-a-good-option--1.aspx#ixzz4HUOTooJA Follow us: @Bankrate on Twitter | Bankrate on FacebookDo some more studying, talk to more people, and consider your options.

I joined BP in an effort to learn more about how others operate as real estate investors, and see what their road map toward financial freedom looks like. 

I enjoyed helping and protecting people and was one to be trusted. 

So you currently have income that you can rely on to get you to you goal of financial independence . 

The family I am assisting is in a dire financial situation.  

First and foremost – you need to protect your investment.

@Adam Kuhn it's not a joke decision but once you have enough passive income from your investment  you will love this financial freedom.

That should protect you and your wife from personal problems like bankruptcy.  

are you looking to get in actively (flips and/or self-managing rentals) or more passively (turnkey properties or financial partner)?