This allowance does have a phase out related to your income, so it would vary depending on you and your wife's specific circumstance.

It might be helpful to find communities with growth potential, high rental demand, and advantageous market circumstances for investment by keeping up with Akron and Northeast Ohio real estate news.You may develop your portfolio and experience by starting small and working your way up.

To find places with high rental demand, good economic circumstances, and room to develop, conduct in-depth market research.Examine your alternatives for financing, including conventional mortgages, private lenders, FHA, VA, and partnership loans.

To learn more about financing choices tailored to your unique circumstances, think about having a conversation with a financial counsellor or mortgage specialist.Remember, real estate investing is a journey, and it's okay to start small and grow over time.

@Gregory Frisoli,Your circumstances were shared by a lot of investors these days (with rates where they are). 

Respect their time and be prepared to offer something in return for their guidance and mentorship.Business Plan and Investment Strategy: As an out-of-state investor, it's crucial to thoroughly research a company's track record in the Memphis market and seek feedback from previous investors to ensure they deliver on their promises and align with your needs.Starting an LLC before your first purchase depends on your circumstances and risk tolerance.

I get that not all circumstances can be prevented, however, there has to be a way to find those not intent on defrauding whether you are the borrower or the one providing the funds...from the wife.

Even though you said that some wholesalers are raising their rates, there could be others who can provide good off-market discounts.It's important to approach direct marketing with professionalism and integrity, respecting homeowners' privacy and circumstances.

But for some circumstances, it can be unimaginably lucrative.EDIT: Usual disclaimers here. 

The question is just how beneficial it'll be based on the property and your specific circumstances.