Sometimes the banks wine about the low reserves but none of the portfolio lenders have ever turned me down.

We are evaluating lake/golf properties in the Midwest, lake homes in New England, and wine country.

@Nicolas Conca, I get most of my information from www.va.gov and from my local Veteran's Service Officer. 

. -- maybe a tall glass of wine ; )

Originally posted by @Nicolas Conca:How about a multi family instead?

On top of that why would someone from Racine be talking to a lender in Yakima  LOL.. most people never heard of Yakima.. great wine country.. but not a hot bed of lenders I can tell you that.. go local.. there has to be local lenders that will do this for you.

One nice thing about Texas is that if you are the wining bidder, be it a tax sale, re sale, or stuck off sale, you still have the right to live in or rent out the property even though the redemption period has not lapsed. 

Wine touring is becoming big business around there, and this feels like a simple way to get my foot into the door.

There's nothing technically stopping you from using ALL of your line of credit on "wine, women and song".Or, you could even waste it.So of course, spending it on an appreciating asset like a bigger primary instead, should be looked at favorably .But it still comes back to: Will your Debt-To-Income ratio be satisfactory for yet ANOTHER mortgage?

Anyone investing in art, or maybe wine?