Married and in  mid 40'sCame across a Single Family Residence in a developing community which is roughly at 600k$.

Investment Info:Single-family residence buy & hold investment.

If you make a mistake expect to pay the IRS, and the state, and maybe the state where the property resides.

Nothing beats the lending on primary residence, so consider converting your residence into a rental after a year or so.

.- I have one lender in CA which is my primary residency and I contacted several in Orland,FL since we are buying property in Fl. 

Do you currently rent, live on your own, live at home with parents/guardians, rent with roommates, own a primary residence?

I've had tenants from both ends of the spectrum, though--and I can say from experience that happy, highly-qualified tenants make property management 100x easier.Now that I'm firmly at the bottom end of the rent market, with highly satisfied tenants (who are unlikely to leave), I plan to begin yearly rent increases going forward, starting this year.My target is 2.5%-5% rent increases every year for at least the next five years for renewing tenants.

Investment Info:Single-family residence buy & hold investment in New Milford.

My wife is ready to retire from her job and totally into trying out REI, and after watching a newbie webinar by David Green, she is ready to put up our primary residence as a rental and look for a duplex or multi plex to purchase and live in and rent out the rest.

I believe you do eventually need a license, but Ill ask my resident expert PM: @Lorien Rollins