Hone your Excel skills by creating pro-formas to practice your 1% rule underwriting while never touring a single property 4.

I work with an excellent closing attorney & title company in VA that is very investor friendly and familiar with wholesaler transactions.

If you only have the one property, I would suggest scraping the software and use excel or do it by hand.

That's what it costs to get your money and the lender gets 900 dollars to fill out a template, another 900 to fill out an excel sheet, and pockets the spread on the appraisal.

My husband and I have W2 income and excellent credit and no debt except our mortgage. 

If done right, it could be a win-win for everyone involved.

And all of the Excel spreadsheets involved.. cumbersome and difficult to maintain.. don't get me started!

Could you often or always get title to the property or you get money back from the debtor/ a third party who wins the auction sometimes? 

Using a VA loan for a second property, where I’d move in and rent out my current home.When I made an offer on a fixer-upper (I didn’t win that bid), the loan officer mentioned it might be difficult to convince the underwriter why I’d need another VA loan for a second property in the same area, especially since the new home is almost identical to my current one (same size, age, school district, etc.).

I agree with wanting the first one to be a "win", I'm just concerned that makes it harder to find something that will cash flow.