There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

If she is getting close enough to thinking that there will be an income disparity, she will stop at nothing to compel my husband to provide income documentation.All finances are joint except for the rental, which I keep rents for in a separate checking account and track spending for.

Thanks for the tip Matthew, I'll check Boulder, CO .

If you have a high 7 rate then it might be beneficial in the long run to pay it down if you don't want to put it in a 4% savings account or CD.  

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

Then, check to see what a market-rate rent would be for the units. 

Hi, I am keen on a property but checked that it uses Oil for heating (instead of the typical gas or electric).

Accounting & Finance: What tools make bookkeeping and financial tracking seamless?

Just go check out DG deals with 10 years of term vs 5 and see how they are valued.