You can own more than one property with a VA loan, it depends on what your total allotment is.

Being from Phila, I can tell you that this can be a great or horrible market to invest in - all depends on LOCATION!

It really just depends on what types of travelers you're attracting to your units.

I think 5% is a pretty standard rate to estimate with, but beyond that you might be higher or lower depending on your approach to landlording. 

Hi, as others have said, it depends on what your lease agreement states.

A great PM will take 10% of your money every month, but they can also add value to your property depending on what they do and how they manage.

The roof might be an expense depending on the specifics of your situation.I would also get a contract and invoice for the $8000 quote that notes $1000 payments being applied from rent monthly.

@Christian Gibbs a lot depends on what the attendence at town council is about, are they specifically representing you and your property to town boards?

It depends on your goals but I and many of my friends and clients started with house hacking and then used the equity to buy out of state.

Depending on the ARV, I think you are better of using your own cash or getting a partner involved to finish the rehab and then cash out refinance with a conventional or DSCR loan.