These folks are not your/mine workmen until you can guarantee them constant  flow of work.

I love the career.. but I started pre internet I mean pre fax machine.. so things were quite different.I owned a brokerage here in Portland for many years.. and basically had about 50 agents working for me at anyone time.10 were constant producers making 100k plus of those 10 3 made over 200k and of those three 1 made over 500k. so really depends on your needs on the revenue side.. also you need at least 1 year of living expense in the bank.YOu need all of the above that was just posted.. and on top of that very good sales skills.. 

Most lease agreements are jointly and separately liable, so you can go after both to pay your rent.

So I’ve been going through tons of forums and articles and tons of YouTube videos from BiggerPockets members and investors but I’d like to see if anyone local can help me with some good first steps toward becoming a successful rental owner, alongside doing fix and flips and possibly fix and holds.Due to some setback about a year and a half ago my wife and I were tossed into a rat race of bad credit and constant phone calls to pay bills without any idea how to pay them.

@Ryan FehrI come from more of a stock investment background and I constantly find myself pitting the two against each other.

I would suggest finding someone in the business that you could do a JV (joint venture) with to help with capitol and experience.

Folks,I've discovered asbestos in ceiling and joint compound of wall in a house I was planning to flip.

Are you having any outside help/ joint ventures ?

All 4 of you could take title jointly.

Hi Jessie,Maybe think about having an Asbestos test for the popcorn ceiling, drywall and the joint tape.Good  Luck!