So my plan is to purchase the property, build a quadplex and once completed roll the land and rental into a consolidated VA loan at 0% down, no funding fee and closing costs rolled into the loan.

I know my daughter just rolls her eyes when her mom and I get talking about it. 

Practice these answers until they roll off the tongue.

Here are a few places to post in search of rent by the room residents:1.Craigslist.2.Facebook Marketplace.3.Zillow (They recently rolled out the room rental listing.)4.

Have you talked to your current HML about rolling over your current loan into a new loan based on the work/improvement already completed?

If the qualifying criteria and equity are there, you can roll in your closing costs.

@Chris Seveney I would definitely be interested in your new product that your rolling out in the next 3-6 months. 

And if they apply and look stellar---then decide if you want to seize the opportunity or roll the dice and do that second showing.A bird in the hand is worth two in the bush.

The following are some of the key documents that you should review with your attorney and accountant during your financial due diligence:(1)Tenant files, including leases, amendments, subleases, and any related documents(2)Service / maintenance agreements(3)Utility Bills(4)Tax Documents(5) Insurance policies and any pending claims(6)An accounting of all income and expenses related to the property, including rent rolls, tenant delinquencies, taxes, maintenance, security deposits, insurance premiums, management fees, security, budgeted capital improvements, etc.(7)A list of all personal property being conveyed with the real property(8)A list of all pending litigationAs mentioned above, the financial due diligence is key in determining whether the investment makes economic sense.

If you can roll all of that to Florida and eventually move there you can consider the state income tax savings icing on the cake.