Hey Y'all,My girlfriend and I moved to Dallas 4 months ago for some great career moves; she now owns a 7-Eleven franchise and I took a new job as a Financial Reporting Mgr at a public company.

They will factor in income of the property in addition to your personal financials.

Looking for some feedback/suggestions as we are terrified of making a huge financial mistake.

I am a financial independence "enthusiast" if you will and always interested in adding more semi-"passive" incomes streams to supplement my current investment portfolio (mainly index funds at the moment).

Yes you'll use leverage to make up the debt difference but this time your back is covered with the bed rock of the cash properties.the quicker you can get your husband comfortable with your financial position the quicker he'll be out there hustling flips with you full time.  

I never thought about making real estate the vehicle for my financial freedom until now.P.S. 

One thing that just hit me today is: how much property taxes* might influence your return on investment.

I am going to start pulling expired listings or soon to expire, find the FSBO and try to influence them to let me list for them.

The question"  How do I legally/ financially structure this ?  

If a tenant 'disappears', it's usually because of financial issues and that they have already been served disconnect notices by the utility company and once power and heat get turned off, they figure that the game is over and move out, leaving a mess and broken pipes behind (especially in the freezing winter temps).