Even allocating a portion of the monthly rents towards the down payment is an exposure.Each State can have unique issues with this approach, so you should ALWAYS get legal counsel on this subject and  how to draw up the agreement. 

We are a great team.My point is it might not be easy convincing your wife but be persistent make a presentation that you know she will understand (for me it was the drawing of the little houses) and show her you are a man of his word that she can trust and feel to be a stronger women next to you.

@Sarah NguyenAnother consideration regarding deposits - Oklahoma law requires you to hold tenant deposits in an escrow account.  

They often will want to hold the rehab funds for you and have you request draws as the work is completed.

I'll bet it's a major consideration for families (behind safety and school district).

I focus on multiplex properties (2 to 4) and 2 bedrooms are my sweetspot. 1 bedrooms turn over more and draw a different type of tenant than 2 bedrooms.

Most lenders require the borrower to have some skin in the game and they have to come up with at least 10% of the purchase price, most times at least 20% of the purchase price while they fund 100% of the rehab from an escrow account in draws AFTER a that specific portion of the work has been completed.Many people say they don't want tenants that are already there.  

@Adam Juodis Yes, I did the refi as soon I was done with the 203k draw.

and I'm thinking of taking it into consideration as it might be an easier source of income as opposed to building units and renting them out.I received a rough quote of $2.5M to completely fill the 1.5 Acres with solar panels.

These need to be taken into consideration on short plats such as this sounds to be. 6.