My ultimate goal is to acquire rental properties so that is what I seek to do first.While I've had a few properties under contract I haven't closed any deals yet.

I'm a bit confused on if her student loan debt will be included in my qualifications when seeking a mortgage.

There are many real estate focused CPAs very active here on BP who work virtually  like @Daniel Hyman & a Houston local @Michael Plaks

In the last count, investors bought more than 1400 properties thought OP with MI promotional activities without regards to investors’ well beings.

I am currently seeking a multifamily house (2-4 units) that can use some (or a lot of) tlc.

If you don't have the time to devote to commuting, then maybe you guys should rethink being active investors in direct real estate. 

Readers are advised to seek professional advice. 

I enjoy most sports, outdoor activities, and spending time with family.

I have been a huge fan of this community for years and now have decided to become an active member.

However, having lived in an area similar to this previously, I felt confident that I could avoid most of the pitfalls of investing in a C class neighborhood as long as I stayed somewhat active in its management and check ins.