This limits the amount of $ I can qualify for individually.

I am looking at it almost at book value vs conventional commercial valuations (especially since it's really only four units until I can get the garage set up). $10,000 for each POH and another $40,000 for the acre of land and improvements.

A few weeks after paying the $25k, we set up our first meeting with our assigned CPA and started the so-called “advanced tax courses” provided, which are generic modules that only vaguely introduce financial concepts, topics, and terminology.

Each option comes with its own set of risks and benefits, and a careful evaluation is necessary to make the best decision for your circumstances.

My plan is to rent out two of the rooms to help cover my mortgage payments.So far, the property appraisal has been completed, and I've set up home insurance.

If you're dead-set on OOS REI, then I'd suggest studying up on the books, articles, forum posts, videos, etc. on the subject, and talking with as many OOS investors as possible (ESPECIALLY inexperienced investors who tried OOS REI for one of their first deals).

By taking on the responsibility of paying for the downpayments yourself, you may be limiting your ability to negotiate for better terms or find more competitive financing options.

With your husband's experience in project management, you all could save significantly on the rehab/set-up costs.

@Caleb Heimsoth - With all due respect and I do mean with all due respect, if an investor goes to the lowest priced or an inexperienced real estate investing tax it is just setting themselves up for headaches. 

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