It needed very little work to be brought up to standard to command market rent.

You can access the standard Texas forms at:  TREC.Texas.gov. 

My wife will be going to Commercial flight school with goals to be an internationals cargo pilot but at the least an international passenger pilot and once working her entire salary will be poured into investing along with about 30% of my own income which is what I am using now build up a down payment while also paying down credit card debt and trying to sell truck.

We plan to increase rents on average $150+ over the next 2-3 years, along with utility bill backs which is standard for the market.

We plan to increase rents on average $150+ over the next 2-3 years, along with utility bill backs which is standard for the market.

You need to separate yourself from all the other investors sending her standard letters. 

@Howard ThomasAssuming it is a licensed inspector, they have standards they must abide by in their preparation of a report.

This would be considered a long term loan using AFR (Applicable Federal Rates), which is the minimum interest standard set by the IRS.

That's absolute insanity dude.1% is pretty standard in most markets.

Get a standard lease & assign a number to each of the rental rooms in your house, and add that room number to each individual lease.