Account for increased A/C costs and manage the rental agreement to avoid parties. 

But if it were my first deal, I'd go 4 units or less to let the REI bug bite :) Hey Erwin I'm pretty fortunate that I don't have any real credit card debt, car loans, student loans or anything outstanding other than my mortgages.

I signed up again for a Premium Account so that I can connect with other like minded real estate investors all across the US.

Thank you so much, Account Closed!

Quote from Account Closed: Quote from @Melissa Nash: To clarify- if I am buying a property finished- (turnkey) at market value I can cashflow and average of 9-12% year 1 on a B class property and I am not at 1%, If i wanted to buy a finished property in a C/D class then I can get to 1% rule.

The deposits were credited to me at closing.

It would still depend on your credit score/properties performance to qualify.

Develop a budget that accounts for possible investment costs, save for a down payment, and build up solid credit.Establish relationships with mentors, real estate experts, and other investors.

Developing contacts with other investors may lead to useful information, assistance, and even joint venture prospects.Examine the several financing choices that are available for buying houses, including conventional loans, FHA loans, VA loans (if appropriate), and even portfolio loans from nearby credit unions or banks.You might think about contacting mortgage brokers who focus on investment homes.

Just something for you to discuss with your accountant to make sure you're all on the same page.But you and your husband could sell as yourselves and buy as an LLC that only one of you is the member of.