I want to still only live on her income which is 38k and save my engineer salary for the next 4 plex.The morgage will probably be around 800 to 900 and taxes lime 500.Each unit will probably rent for 700 to 800 a month living in one that will give us an extra 2100 to 2400 for paying the morgage and maintaining the property.Should we go for it?

I hired an environmental engineering firm that performed the cleanup for less than $3000.

I recently had this evaluated by a structural engineer, and he dubbed it not safe at all to park on.

You can apply lessons learned from that experience to build out an REI business as you acquire more properties using the money generated from the tax practice while the salary from your wife covers general living expenses.Personally, I'm working my W-2 job and building an engineering consultancy as another income stream in which the proceeds can fund my REI.

I mean shoot that's the price of a decent bottle of wine for gods sake if one has heart burn over this then landlording is probably a bad choice to begin with ..

It gave me more time to figure out how real estate investing worked with out the pressure of burning through my savings. 

Example 1: Home was located In a forest fire burn zone where the home was destroyed.

Don't burn the bridges unless you have to.

You should do the reverse-engineering and search BP for PM in Columbus.

Which could be an exit strategy if the university should shut/burn down.