You can use the VA Renovation loan to purchase a primary residence that you intend to occupy. then you can sell it down the road if you so desire, but you must intend to occupy the property as your primary residence, and you get close to crossing the mortgage fraud line if you buy the home with the sole intention of flipping it.You can't really do a live in flip with the VA loan where you do your own work either, because the VA loan (non-renovation) won't let you buy a trashed house, and the VA renovation loan requires you to use a contractor on the Dept. of Veteran Affairs registry.Hope this helps, I have two articles on BiggerPockets that should shed some more light on the VA loan if you would like to read more!

Hopefully this sheds some light on running a BRRRR full cycle. ;) Overview: Initially I was planning to hold this duplex long term... but as many of you know it's nice to have multiple exit strategies.Deal Facts Type: DuplexBuilt: 1939Unit Mix: 2/1    900ish sqft per side2 Car garage The nitty grittyPurchase Price: $60,000Rehab Costs: $40,000All In: $100,000New Appraised Value: $170,000Market Rent: $1000/sideCash out of my Pocket: $0 (I'll get to this later) Why this deal?

Inspector can shed light on some things a GC has no idea about. ie item needs to be fixed should your buyer be FHA etc.Hope that helps! 

Can you shed more insight on the relevances of the written agreement?

There is also an empty lot included next door so I could build a shed or storage units there.

Detached Structures: for other buildings on the property (ie. sheds & detached garages)Again, there is normally an included limit of 10% of the building limit.

If this is a single-family home with a 2-car garage and an attic or basement, that's probably plenty of storage and they won't care much about the shed.

Please shed some light on its pros and cons.Thanks, as always!

As long as you can draw a line of the "reasonable use" of the structure for the disability (this includes CARETAKERS, so now the caretaker could be living in the shed), then you are federally protected by this law, and the federal government will come to your aid if the city "abuses" or "discriminates" against you. 

I actually live here in the Traverse Mountain neighbor so I can shed some insights.