You would then have to get a Letter of Environmental Protection, which will lower the value of your property and raise your insurance rates.Deleading generally costs $3000-$5000 per unit.

You can always put in the contract 'purchase contingent of analysis of financials and physical inspection of property'. 

A bad financial decision can set us back a decade.

However in extreme cases you could be putting yourself at a larger financial risk.One important clause often missing or poorly written, from short investor contracts, is the defaults and remedies clause.

In this world of too much information and the need for attention to detail I personally like getting as much information as I can on any given subject; especially if it might impact or influence my personal financial situation which this does. 

I believe we are going to use a mix of the spreadsheet and quickbooks to keep track of our financials but as for paying contractors and vendors how do you separate each house?

Obviously I am on here to build a better financial future for myself and paying some one else rent is not a long term goal.  

Unless you are going to file some kind of discrimination suit against the bank based on what you feel is arbitrary denial, banks do not have to grant everyone a loan just because they qualify - they just can't deny you a loan based on one of the protected classes (religion, race, etc).

I am currently also employed full-time as an IT contractor but, eventually, I want to be a real estate investor and landlord to achieve financial independence.

Currently learning, but I look at REI to give me the freedom to do the below things...1) Be Financially free2) Be the best husband and father I can be to my future children by spending as much time with them as I can!