@Bill WilliamsNew Mexico is one of about 9 states that has a Community Property right between married couples, which includes ( as I understand it), as stated previously, the home acquired prior to marriage belongs to the individual, not both of you; hence she would have the freedom to sell or mortgage that home anytime, without your consent involved.Any income earned from such a separate property belongs to the individual, but if you choose to share bank accounts and 'commingle' funds, and the house is sold, those proceeds placed into a joint account become community i.e. both of your funds.Community property is acquired by either spouse during marriage, and selling or  encumbrance requires both of your signatures.  

Hello All,Im a new investor in Phoenix looking to connect with people, share my (limited) experiences with real estate and start investing !

Does anyone have a rental agreement that they would be willing to share?

I would be more than happy to share my experiences with you and even network with you.Feel free to PM me if you'd like to connect.

So please share some of your wisdom with this Newbie.  

I would love to find a REI group or some kind of networking group that I can be a part of to learn from and hopefully share my limited knowledge with also. 

If anyone has had a positive experience and doesn't mind sharing, I would appreciate it. 

Please continue to share your knowledge, expertise on BP. 

Thanks for sharing your experience, @Blake Jarrett!

If I purchase a property for $100K and the CAP rate is 9%  - my annual net operating income is $9000.If I purchase a property for $100K and the CAP rate is 4% - my annual net operating income is $4000.Cap rate is not a return - but a reflection of your return vs your capital cost.