There are a few issues to be mindful of here: If the husband will remain on the property you may need to "re-qualify" him ensure his new debt to income ratio can still cover the rent. 

Do you have a particular asset class in mind? 

@John Newburg, whatever portion of your primary you elect to utilize "for business/tax purposes", be mindful that the same portion will be excluded from capital gains exemption, when selling your primary (afaik).Something to think about?

Mind sharing good and/or bad experiences (or lessons)

I will keep it in mind and look into the groups.

I have a functional fireplace that I never use, and I never want to live in a house without a mantle ever again because I have so much fun decorating it, and I love how it makes my living room look.

That's the time to get aggressive and grow quickly.Also, keep in mind that your very best financing will occur on your first 10 1-4 unit properties because the interest rate and terms will be most favorable.

Can they change their mind as its a great property just bad timing.When i buy RE i want control. 

Keep in mind that my plan for my first property is to find a property that has a guest house of some sort detached from the main property.

Have a 'if you were in my shoes as an investor, what things would you keep in mind' sort of conversation, so you can get a sense as to whether or not you're on the same page and if this is someone you want to do business with......