He believes in solid companies like power, steel, etc, companies with a history of profitability and reserves in the ground figuratively or literally, depending on the industry. 

My wife and I are both engineers in the Biotechnology industry and we have 2 little girls (5 yrs/ 9 mo).

Always make sure that your credit utilization is never more than 30% of your available credit. 

I'm assuming your credit score dumped to **** because of your utilization rates, so opening a new card with 0% isn't an option.

My challenge is when looking at their total net income, they are making about $6,800 net, but after deducting $2,200 rent, $3,200 total debt obligations and $100 utilities, they are left with only $1,300 per month to live with.

Rent is $1,000 per month, there is no mortgage, taxes $3,500 with the tenants paying all the utilities so the cash flow is very solid and it will be fairly easy to rent in our hot market.

Are there separate utility meters for both properties? 

My objective is to reinvest to a more expensive property in Texas utilizing a 1031 exchange.

If there are even any other new people to the industry, lets talk!

One issue with RV's, for example, is do you remove the gray and blackwater tanks and make utility connections permanent?