Hello BP peopleI find myself on the fence, I have a owner occupied triplex in Venice CA I have owned this since 1995 the property has appreciated a lot looking at about a sale of 2.2 million My problem is that I can't get a REFI based on my debt to loan, it's 80% even though my income on the property supports the new loan the bank is looking at my personal income only, I have tried for 3 years to try and get my first and second combined $720k I also have a large CC debt on the side.

What happens if one of you has a financial crisis and cannot support the company if things go bad, say a 20k bill comes up?

I 100% support everything @James Wise has said.

Also after having had to do a short sale on her house and since she has been on a fixed disability income she has a support/careful mentality towards me "doing real estate" but not willing or able to contribute financially

Thanks for the support BP community to help me get there.

Normally a $1400/mo rent will more than support a $100k house, in my area anyway.  

It's nice to see you coming out in support of becoming licensed, I just don't want to get ahead of myself.

If you let them out of their lease, would the market and property condition support a higher rent for the next tenant? 

If this is the first you're hearing of it, this program is spearheaded by Philly Office Retail to support the revitalization of the Germantown neighborhood of Philadelphia by providing mentorship, financial resources, and networking opportunities to residential investors.

It may have some influence, but it is equally (or more so) important that the property has adequate cash flow to support expenses as well as servicing the debt cost.