On the primary may want to put as least possible down to have some reserves for when moving to a new place and getting up and running . 

What are all of the possible tax deductions when claiming a rental property?

Furthermore, I received an outdated data report, possibly, in my current opinion, in an attempt to pass me a fast one by me.As a side note, my wife believes I might be overestimating the expenses of addressing the concerns raised in the previous inspector's report and that I could be mistaken about the entire situation.

Focus on continuing to pay down debt where possible.

Rent out the spare rooms and possibly cut your living expenses to zero, or close to it.

Do you have a specific price range you are looking to stay within? 

Liens on decent properties are in the 10k to 70k range here. 

Just have fun with it, laugh at yourself, commit to providing the best service possible and make sure and go above and beyond to get the your clients homes sold for the most money in the least amount of time, then you can go into the cold calls with the mindset that you are just trying to save them from finding a bad agent-they are out there!

Hi, I've got a couple buildable lots and would like to build single family homes on them in the $500-700k price range.

Recently we've discussed about possibly tearing down the house and developing as well to help them with a starting portfolio but we have no clue on how to start.