@Jon Ankenbauer you won't be able to keep the land separate from any future construction loan.

Any good resources for learning about hard money loans?

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

They are a dual military couple so will use their other VA loan for their next house.They are willing to let us assume their current loan.

correct but in Shilohs model there is forced equity turn key model there basically is no equity or negative equity if one has to sell within 2 to 3 years as transactional cost will eat your equity.. 

Hi Ricky, Have you tried looking at a DSCR loan?

There is no SST and makes it easier to house hack 3-4 unit properties and you can use that loan repeatedly while with FHA loans you can only have one at any given time.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Hi,I am an investor in single family homes and am interested to use my equity in them to start investing in multi unit shopping center retail.

If you’re paying off less than $800/mo on your loan id say sell come April selling season.