Save an emergency fund before buying another property.

My spouse is the only one with an income and he’s military.

Joshua, that’s an incredibly smart idea—truly worth its weight in gold.

My question is once I have a deal signed for an apartment with seller carrying back down payment I need a partner/guarantor which would help qualify for bank loan with their income and cover closing costs. 

I plan to work and save about $25,000-$35,000 for a down payment on a multi-family property (most likely a duplex) using an fha loan.

Bigger Pockets is an excellent resource for learning and connecting with experienced investors.Here’s a simple framework to analyze deals: Set Clear Investment Goals: Decide if you're looking for cash flow, appreciation, or both.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

Make an appointment at your local bank and ask them how much of a mortgage you qualify for. 

That in and of itself isn't an issue, I'm more asking how should I record that? 

This just speaks to the broader point that Airbnb is no longer an amateur's game.