Any thoughts would e apppreciated. 

What I'm not sure about is if we can extend the new leases immediately (if tenants are good and if they are willing to) or if we have to wait until the current lease period expires and then potentially extend them for another year.

Since leaving Walmart I have started an e-commerce business that I hope to run in tandem with REI. 

Typically it will be 25% down and the standard loan paperwork (W2's, tax returns, etc) PLUS financials on the property (seller's Sch E).  

You want two different entities Never hold rentals in an S corp- keep these in an LLC that you and your husband file as a disregarded entity on your schedule E. 

That being said I have ran businesses before, currently in  E-commerce, and I realize the importance of outsourcing and systems.  

I know that the $1300 is at the very high end of what my tenants want to pay, so I am hesitant on my strategy when the lease expires. 

you might check this out @Rob Allmandhttps://www.eventbrite.com/e/residential-real-esta...

Typically we have gone conventional financing for our primary however that does affect our DTI when we are trying to get into commercial and building our rental portfolio this year we want to keep our DTI down and our credit score up as well as as much available liquidity as possible.Any suggestions on how to analyze the numbers for a primary, what would be the MAO if holding for 5 years then sell.  

List any occurrence where there was communication with ANYONE about this situation, written, phone, conversation, text, e-mail, etc.