any pro forma that shows you 'cash flow' on day 1 or in month 1 or even year 1 is a joke.here's the bottom line. 

It is a matter of how bottom-line-oriented they are and knowing how to file insurance claims.

Don't pile on risk at 21 y/o. 

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

Grandpa and Grandma take five acres on the back forty and punch in a well and sewer (when it was cheap to do so), run some water and sewer lines with the old backhoe. 

Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

Meetup.com is pretty good, I'd check out here on BP and facebook as well. 

She placed my wife and my wife's siblings as remaindermen on a life estate deed on my mother-in-laws home.

Hello @Bethany S Labrinos congrats on getting started on your real estate journey.