My wife and I are having a discussion about the ability/inability to acquire 10-12 single family properties in 5 years.

@Dawn Anastasi , if the property is worth $70K, and it seems to be a good deal, I can lend up to $45K for you to acquire the property.

I'm currently looking for a multi family unit I can acquire with FHA financing. 5k is a decent amount to get your foot in the door with that method providing you get the numbers right.

I think the point to all that was, the OP didn't seem to want to acquire the loan nor in this case does it seem like he should.

Do you hold the DOT, is it a local Bank, or did you acquire the property subject to the DOT?

I formulated a 2 year plan to save 20k , improve my credit and acquire all the knowledge I possibly can.

No, acquiring any asset or interest that has value could become an issue, however don't know what's going on either.What you acquire after the separation is usually on you, out of bounds, but my point goes to your ability to pay and ability to earn, that could be an issue.

I've been reading and studying the real estate investment field for about two months now but I plan on acquiring knowledge for 2 years before my first purchase.

I have heard very different opinions when it comes to acquiring rental properties versus strictly investing in quality flips.

Do you intend to borrow the money to acquire the property?