From the school of Keller Williams, What are your real estate goals?  

In 1 year you may decide you need a bigger place or a different part of town or want a bigger yard or dont like the schools or dont like the layout. 

this is off there websitehttps://www.fanniemae.com/content/guide/selling/b3/3.1/08.htmlPartial or No Rental History on Tax ReturnsIn order for the lender to determine qualifying rental income, the lender must determine whether or not the rental property was in service for the entire tax year or only a portion of the year.

If you do, just think, you would also be providing a community service, helping counties provide schools, police etc, once these houses are again paying their way!!!

While attending school I've discovered that its not the route for me.I'm brand new to RE investing but have been watching youtube videos on leveraging, profitable cash flows, etc etc.I have bad credit due to past family altercations (sub 670) so financing is out of the question, but am debt free.So here is my situation, I have a business partner who owns a construction company and is willing to front all the labor costs of rehabing properties as long as we split costs of materials 50/50.

I dont know if your police but I believe there is a police credit union in golden just down the steet from the prision before the high school, or atleast was there 10 years ago. even if your not PD they may work with you a little better then a regular bank.

It also may hurt you quite a bit if you go and close out your oldest accounts.It used to be the case that if you were added as an authorized buyer on someone else's account that you got to share in the wealth of their pristine payment history. 

I also knew it was a desirable area with a great school district, so at the price I got it, it was worth the risk. 

There are lots of reasons for this, but primarily development history and management issues.Question: What is the American Dream?

Bedrooms and bathroom upstairs, and living room, dining room, kitchen and laundry on first floor, and access to basement.Building needs some repair since its old, but being that its fully rented I assume there aren't any major problems or it would not have passed inspection.Mortgage on it was taken out for 118k back in Dec. 2011.City taxes are $7273 annually and school taxes are $5510 annually.For the attached building:a mortgage was taken out for $27700 back in April 2010.City taxes are $3602 annually and school taxes are $3322 annually.So I was thinking of buying both to have 6 units and a commercial space to rent out for a convenience store or something of the sort.