Newbie from Pensacola, FL

[Luke Miller]

Good Evening All,
Thanks for a great forum to learn and engage.

1.) I am a new investor looking to buy/hold single family detached homes. Currently I own my primary residence, one rental, and negotiating for our second rental; all within the last 15 months and located in Pensacola, FL.

2.) I am a part-time law student, medically retired from the military, and hoping the future will allow me to work full-time managing our properties.

3.) My wife is an RN, has not gone back to work since we have a newborn, so all our purchases (w/mortgages) have been made using my pension alone. When she returns to work, if she does since family is more important to us, more options should arise. Until then, we are making as many "smart" moves as quickly as possible, but becoming more difficult as DTI increases because rental income is not able to be included as income (too soon).

[Luke Miller]

Thanks Marco Santarelli,
This was baby number one for us so it's been a fun and enlightening experience.

I figure law can help in many ways with all the contracting, etc. but like you mentioned bridging that gap will be interesting (when the day comes).

Thanks Mehran Kamari,
I actually found a lender who is willing to use one years tax returns so our timing might work out better than expected. In time we shall see.

Thanks again to both of you.

Luke