Indianapolis is not far away and offers a good diverse employment base.

What kind of tenant requirements have you all used in class B properties that have been successful or unsuccessful.I'm thinking at least two years steady employment, three times rent for income and credit over 700.  

For example: employee elective deferrals, rollovers, non-elective employer contributions (profit sharing), etc. because there are different plan and IRS rules for each type of contribution.

But interest does not require self employment tax.

Intel is the largest employer.. along with the fact that Oregon has some of the most restrictive land use laws in the country ( the state thinks it great most developers hate it) LOL.In the Willamette valley the population is young..

However currently employed by us army

The key will be how does buying this new building affect your time transacting as an agent for residential.DEMANDS ON TIME.If I average thousands an hour return on my time I either have to cut out those tasks that pay less or employ others to do those tasks for me if they are essential but not optimal for me to do.If it has 50% vacancy the lender will want full recourse against you and your husband. 

I have every intention of completing my MBA over the next 5 years or so on a part time nights and weekends basis, which my new employer will pay for 100%.I am in the middle of a divorce right now. 

My wife and I are looking to begin our real estate investing, by using the buy and hold strategy, as one of our avenues to gain financial freedom from our current full time employment.

I have been working with one bank for 10 months  ( we have been members of this bank for over 25 years )  the underwriters are so slow I have given up on them I have a credit score of 740 but I guess being self employed is the problem.What I am trying to do is get a down payment to purchase more property , or possible something more creative basically I feel I have some equity buy I just don't have the knowledge yet to  capitalize on the properties equity.If anyone has any advice I would greatly appreciate it