Or say 12/1 which is after I have finished moving/cleaning/advertising and got a tenant signed? 

All things being equal which project is more cost effective?

It wouldn't generate cash; it'd be a consumable good, effectively.

After some landscaping, carpet and paint, handyman work, professional cleaning, and photographs, it cost me 3.7k.

I have off shore investors … the only issue I had was my bank wanted to check the patriot act box.when I was getting multi million dollar wires into my accounts.. they wanted to make sure it was clean money.to that end my investors came to the us and we had a meeting with my bankers.. going direct to your attorneys trust account could work.. but the funds I brought in went into my account. 

The effect of this rule is that once you have 10 mortgaged properties you cannot get any more conforming loans.If both you and your wife can qualify, each can get 10 conforming loans. 

The house is in great shape and was maintained well by the tenants, but I'm sure we will need a day or two of miscellaneous cleaning/repairs.

@Aaron Deane Many of the answers you are looking for can be found here:How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesGood luck!

Figure out side hustles you can do, mowing lawns, start a window cleaning company, etc., anything to stack some cash, because with a house hack on a multi family unit, you're going to need at least 5% down.

She has not received any documentation to that effect but received a letter from an attorney offering his services to help her through the foreclosure.