Now, I am in the process of refinancing, placing it into an LLC and embarking on a new phase of my education.

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?

Texas Property Code states "At the time an applicant is provided with a rental application, the landlord shall make available to the applicant printed notice of the landlord's tenant selection criteria and the grounds for which the rental application may be denied...."

It appears from your response that u typically get the seller to pay for the phase 1.

It all depends on the scale of the project, how many contractors you know, how fast they can get you a proposal and how long you plan to remain in the preconstruction phase.

It looks to me like you're probably ok with this one.You will be making a "low" offer so make a lot of them and hold your ground.

Yes, specializing in valuations and having your ear to the ground, an appraiser has advantages IMO.

Looking forward to networking with others in the area and building up my "team" of real estate professionals as I get this business off the ground!

Some of these guys are pretty slick and would put a used car salesman to shame.You can learn far more here on BP - for free - from folks who are on the ground investing in real estate every day: some do it part time; some full time; some have been at it for years; some are just a step or two ahead of you; and some are where you are at.As for the Canadian market, it did not undergo the correction that took hold of much of the U.S. market four year ago and much of it is full priced - where you are (the GTA) is beyond fully priced and bordering on silly.

It takes people you can trust on the ground where you invest and you have to create great relationships!