Personally, I think an asset protection lawyer is better suited to advise you guys.

What a lot of people end up doing is purchasing SFH and renting them out that way, either with a basement/in-law suite or some other arrangement.

I just wanted to point out one major risk you're opening yourself up to.When you intermingle your personal funds with your investment property funds you open up all your money to potential law suites.

This one might not suit everyone but it was very important for my success find someone to listen or a feedback partner. 

You are right there is a ton of information on here in many different forms as well to suit your educational needs.

I bought a single-family on the mountain last summer, and added a basement suite - it cash flows very well.  

With a combination of real estate and construction contracting experience, I have been responsible for overseeing day to day management of property acquisitions and sales, tenant build-out, capital improvements and base building projects including build to suit, hard bid renovations and design build contracts.My work have included; financing and grant proposals, pre-construction planning, budgeting, project scheduling, contracting with architects, engineers and other consultants to oversee plan preparations, as well as bidding and general contractor.

Just read through The Ultimate Beginner's Guide and decide on what strategy suits your current situation and interests the most.

It's a condo and that can mean owners may have to deal with quirky and sometimes volatile board members for approvals and such, making a sale or lease an arduous task that leads to headaches and regrets (except perhaps for the attorney who brings suit for one party or the other).   

One was classified as SFR- house with "guest quarters" or "mother-in-law" suite in back.