The sheer volume of book keeping and different bank accounts, annual fees, higher interest rates and just sheer time involved does not seem to be supported by being a newbie. 

It happend to me, and a client of mine.

But the property gets reported on the joint return just like yours.Some clients will prefer to have a "quiet title" transfer done right before sale so the deed matches before sale and 1031. 

Call the sellers broker and have him talk to his client....if that does not work...move on to the next deal...

Banks have a vested interest in getting lowball appraisals in BRRRR situations, and if appraisers want to keep working for their main clients, those banks, they quickly learn to be well-versed in the art of giving the banks what they want, money-making lowball appraisals that screw you, the investor, and take money out of your pocket.An appraiser is going to come in with a point-and-shoot digital camera, or, in the worst case, use her/his phone.

If you now the rents can support the principal, interest, taxes, and insurance and you can make enough to handle the expenses on the property I would go with a lender. 

And my wife for the support.The best part of it all is we just found out we’re having a baby girl early next year and we added $100 automated principal payment each month to our 30yr fixed mortgage so that it amortizes when she turns 18 as @brandonturner suggests.I’m so grateful for bIggerpockets and the community it’s formed to inspire and support me through this journey.Next year I hope to do my first BRRR!

This was zoned to Coppell schools, among the best in the Metro, and the landlord who owned it let it fall into a little disrepair when the market supported a nicer property.

Thanks for the feedback, I was looking into an older duplex property that needs some renovations in order to be capable of attracting a more upscale client base.  

Hello Jonathan,I review rent rolls for clients who own property all over the US.