If the existing pipe collapses before we have the job done the price goes up.

I recommend working hard to find a way to turn that one into a rental.Sit down and work out the numbers with your wife, talk through what things will look like 5-10 years out as the house appreciates, rent increases and your job pays more.

I have other investments and savings that I don't want to touch.I planned on staying employed at my current job and my husband would keep his current business until we feel we have a handle on the new business and start working towards growth.

Essentially, he wants zero responsibility at all times and I'm not supposed to even call him re the property unless it's seriously urgent.We expect the end result to cash flow nicely.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Their job is to ensure that the paperwork and inspections etc are completed in accordance to Federal, State, County, Realtor Board and Broker laws, regulations and rules ..

There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).

Many of my Sect 8 tenants work hard at 2 jobs to support their households. 

One applicant has a 530 score but seems to have a stable job with 3X income.

Great job.