They've been spoon fed to believe it's a great product and that they get fat commissions.

And there's a fat upside to those rents as leases expire, because those are WAY below market for that area (about 300 a month each).Sound like a deal, or am I missing something?

@Frank ChinThe answer to that is a big fat NO, which makes this seem even more like harassment and knit picking.  

These are fully underwritten, with appraisals, underwriting your income, etc etc.If you want to hack the system the way I did, you jack up your purchase mortgage interest rate, take a big fat lender credit associated with that jacked up rate, and do the VA IRRRL exactly at the six month mark.

(pigs get fat, hogs get slaughtered was the mantra I adopted)...My realtor, an experienced, graying real estate veteran and I looked at each other.... we both knew this market would not end well and could not go on forever. 

In my area I know of 1 wholesaler that leaves enough fat in the deal that its an actual deal and you could buy, rent, refi out of it.  

I tracked her down and proposed myself and a fat tuition fee to learn the trade and she accepted.

In Amarillo where I was building previously they called this type of soil “Fat Clay” which was just a way to describe how the soil reacted when it got wet.

Big Fat No!

But insurance paid the truck loan off, and, The insurance sent a fat check sent to my house.