Does anyone in the three households have experience owning and renting out real estate?

As a physician household, you may qualify for physician loan programs that are more flexible with student debt — definitely worth looking into.Start networking early with local agents and investors to stay ahead in a competitive market.

It takes consistency and commitment, and few households will have that.Wait until they move out, then clean the place of any food crumbs, etc. 

Having a larger household can make coordinating a showing logistically challenging, so I would agree that moving out beforehand is the best approach!

I know that real estate is as much about building connections as it is about crunching numbers, and I’m excited to learn from this community—your successes and your failures.Lately, I’ve been digging into market research—cross-referencing City-Data, Zillow, and other sites—trying to find markets that meet the 1% rule, have a median household income to median rent ratio around 4x, and a reasonable crime index.

We have a 3x household income over the rent, with favorable references, rental history, landlord references, employment history & references, looking at how much money they have on hand & spending history via statements, as well as background, & criminal reports on top of credit. 

Buy the nicest house you can for the least amount of money you can.The lower the rent, the higher the demand.Back into it....how much is average household income, take 30-40% of that and that is rent.Stay at that number or less.So I would say 3bed/2bath/ at least 1 car garage and preferably 2, $300K or less.Sherman is a good place to look...about 45 minutes north of McKinney with lots of demand drivers.Don't get tempted to buy new construction. 

To qualify, applicants must:Have a household income less than $84,160, which is 80% of the area median income for Los Angeles County.  

Funds for the down payment will be raised from investors so we don't have the cash on hand, but we both have stable W2 jobs with ~400k household income and credit scores over 800.We would also welcome advice on what a JV split would look like with a property owner. 

After a tough experience in my last W2 job, I’m seriously exploring real estate as a way to build long-term income and more flexibility for my family.Quick background:I’m a project manager by trade (15 years) and comfortable managing reno timelines, teams, budgets, etc.Married with two kids.Currently unemployed, but our household income usually runs around $200K/year.After my parents passed, we sold their home and used the proceeds to buy a house up north.