Electric Angel There are a few options for STR insurance to allot yourself extra protection on your property.

Make sure your contract with the seller extends beyond the time allotted for the assignee to settle and have a back up buyer ready.

If you don't find another property to buy within your allotted window, the funds will be released to you.

 #2:  You must purchase a property that is move-in ready (no leaky roof, safe to live in, etc.)So far I have come up with the these possible uses for a VA home loan:#1: Buy in a up and coming city and wait for home prices to increase (not exactly a fast return)#2: buy a small house in Texas (Or places in the country where value is calculated by square footage)and add square footage to the house to increase the value, then refinance after renovations are complete#3:  use $100,000 of the $250,000 allotted and purchase another property 1 year later.#4:  find a really really good deal (undervalued house), live in it for 1 year and increase the value.I know there are many great opportunities out there and would like to make the best decision possible.Regards,Thomas

He' saying that when you lose $1.00, you save .30 in taxes (tax break) , therefore you still lose $.70.But for you, tax liability equals, basically, rental income minus all operating expenses (taxes, insurance, repairs, etc), minus the interest portion of your mortgage payment (not the pricipal portion), minus depreciation, which is the price paid allotted to the building only (not the land) plus cost of capital improvements, divided by 27.5 (27.5 year life for depreciation).

In terms of, becoming an expert on the material and making sure that you are in fact able to allot enough time into learning this side of the business to make it worth it for you and not a detriment.

If he was an investor I would have no problem but he is a lender and he puts on allot of pressure. 6 Points and 16% is extreme even for a hard money lender. 

Currently, I have a high credit score (800+) with a stable six-figure W2 job and a $50,000 down-payment allotment.

Educate yourself in real estate, read allot of books.

Have you had allot of experience with Northeast building products?