Therefore, after a few discussions with the wife, we decided that we will sell the single house and use that money to buy a few more multi-family in the next 2 to 3 years utilizing the profit. 

I just want to get a little insight from some of you amazing people.My wife and I just purchased our first home for $70,000.

The other homes had not been remolded for decades but we proposed doing a modern renovation and the board approved of it, started off shaky at first but as time went on I think they realized we were trying to help the neighborhood and build a beautiful home.Definitely think talking to the board beforehand and getting to know people face to face helped a lot in this deal.Here are the numbers:$170,000 Purchase Price$8,000 Closing Cost$4,000 Holding Cost$75,000 Renovation (new: roof, siding, windows, front porch, back deck, HVAC, floors, kitchen, two baths, trim, paint, doors)$20,000 Selling Costs$315,000 Sale Price$38,000 profit.Some pictures, more can be seen on my website: kenbuyshouses.net

Beautiful work.

My wife have been seasonal but are also moving to the area full time next year.

My wife and I are new investors who only own a couple doors.We currently rent and had planned to buy a primary residence during this time. 

I live in a tri-level home with the modem on the bottom floor and my wife's office is in the far corner on the main floor and my office is on the top floor on the opposite side of the house from my wife's office.

Even though my properties cash flow, I have pulled out most of my cash so a 20 yr am wouldn't be ideal.I've also considered adding my wife to my business and showing the income to her so that she could get 11 loans.  

@Gregory CudziloMy wife had a client who did this.

My wife says she won’t let me buy any more.