I am a husband a father of almost 3 and a small business owner.

I guess I will have to do my research and as always err on the side of caution when making this decision. 

In my situation they make them acceptable investments and a good diversification. 

It's REAL and we can control it.You will need two things...A Promissory Note, andA Deed of Trust.To fully answer your Qs, here are the main terms you need to agree on with your lender:1.

I'm a local investor and a licensed realtor in New Orleans.

Like you said, a new bedroom and a bath better selling point to a new tenant.  

I would just like to write a quick introduction about myself: I am 31, single, no family, I work in Underwriting, a former and still licensed Flight Instructor, and a current law student.

Obviously they left the door open and a bird flew in....

I’m hanging out in the C, D and F+ area until my passive income surpasses my active before potentially buying B and A properties (I may never buy B and A, at least not as a rental)

Honestly- it's SO much work and, as I mentioned above, it can potentially put your license in danger.