Having VA eligibility is like having superpowers and real estate investing if you can take advantage of your eligibility, I would do so.

Would I be eligible to take the bonus depreciation on my 2024 taxes?

This is because VA loans are tied to the borrower’s personal ability to repay and require a creditworthiness review.VA Entitlement Consideration: If you’re assuming a VA loan, the original borrower’s VA entitlement may remain tied to the loan unless you’re a veteran eligible to substitute your own entitlement.2.

Call and find out exactly what uses your property is eligible for before you do your underwriting because it will make a huge difference. 

@Chris Seveney even better results can be obtained with a Solo401k , if eligible.

Long term, fundamentally sound real estate shouldn't be returning 20+% IRRs, historically.  

I understand nobody can predict the future but I just wanted a general idea of where people think the fundamentals are strong.On researching the neighboring markets, I also found the Oswego market interesting.

Quote from @Terry Ouimet: justifying illegals to pick our crops and build our houses I think it’s fundamentally incorrect- it lacks  Integrity.

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

If so, up to 80% LTV with NO seasoning is available assuming you've completed rehab and the property is in an eligible state (some lenders have different max LTVs based on the state the property is in).