After browsing these forums and listening to the podcasts alone I feel like I got more actionable knowledge than all of the seminars combined.

Hopefully with a combination of my skills and education i can conservatively get into investing with some tools and knowledge under my belt.

Around here it is rare to find a duplex where units would have been wired separately back when knob-n-tube was in-use.I would definitely plan to rewire the entire building.

I live in Texas, where basements are rare, so I've never seen one 5" tall.

Some background on the neighborhood/city: most of the properties were built in the early 1900’s, approximately 60% of the residences are rentals and it is rare to find anything built after World War II.

Her strategy is to pay down our first property considerably before buying another one, and my strategy is to buy as many as possible and use our current income to leverage more properties.We have a combined gross income of 250K and FICO scores north of 700 and are looking at properties in the 200-350K range in MA.I am not clear on the debt to income ratio and the role rental income plays in acquiring more properties.With the above figures (and provided my and my wife's risk tolerance reaches a middle ground), are there challenges with us acquiring multiple properties/year with conventional financing?

Joel,Most properties here are only 1 bathroom. 1.5 bathrooms are also sometimes available, but it's more rare unless you get into higher end properties to see 2 or more baths.

I only got a 5k line - boo, but 0 interest is always nice when combined with no fees.Within the last 18 months, I completed a 0 interest and 0 (or close to it) fee transfer on a new account with commerce bank.

It is pretty rare for the bank to file any deficiency judgments in my experience.

One thing I can tell you, it takes perseverance to make it in this business, and it's rarely easy getting started.