Depending on the seller you could be at a distinct disadvantage compared to cash buyers if you are trying to bring financing up front.

If I keep my records/paper trail organized, my bank accounts separate, my letterhead separate, hold my company out to be a separate and distinct entity (not an exhaustive list), I will still likely be able to maintain asset protection.  

I don't know if you own or rent but that's most peoples largest expense.

If you and your husband are new to rehab work and/or don't have much construction experience, I would recommend staying away from properties that have foundation issues, and some of the largest rehab costs like extensive termite damage.

http://www.har.com/content/newsroom/Houston Real Estate Highlights in June Single-family home sales rose 8.3 percent year-over-year with 8,414 units sold – the largest one-month sales volume of all time;Total property sales increased 8.3 percent with 9,993 units sold;Total dollar volume jumped 10.4 percent to $2.9 billion;The single-family home median price rose 2.6 percent to a record high of $239,023;The single-family home average price increased 1.5 percent to $304,155, which was also a record high;Single-family homes months of inventory grew to a 4.4-months supply, the highest level since October 2012;Townhome/condominium sales edged up 1.2 percent, with the average price up 7.6 percent to $215,713 and the median price up 3.6 percent to $171,000;Leases of single-family homes jumped 17.4 percent with average rent down 4.0 percent to $1,806;Volume of townhome/condominium leases rocketed 21.3 percent with average rent up 2.5 percent to $1,698.

As my favorite derelict who used to hang around my old warehouse from the neighborhood used to say, “What had happened was was”……contractor turned out to be an incompetent, window-licking muppet, largest tenant moved out, rent declined for 2 months, my part time help all got hired away, and because I had the stupid idea that it would be easier to get all the work done myself and then go chill, I promptly burned myself out.This was accomplished by not much other than sheer willpower, and the lack of ability to delegate, implement systems, and the small fact that with 3 tenant suites added on top of my semi-ambitious-yet-I-Think-I-Can-make-it-work construction budget, my wallet became a small furry doe-eyed creature dropped into a pit of vipers.

(my run 25-40 without management) Your largest expense will be property taxes..

The relationship must be of a permanent and distinct character, cooking as a single housekeeping unit with a demonstrable and recognizable bond characteristic of a cohesive unit. 2.

Import duties on Canadian lumber have been the largest impact.

However, it's not really the way this works. 1) The Sheriff is not allowed nor would they make that distinction (abandoned property) int his situation.