It is possible to have mpre than 1 VA loan in your lifetime, but unless you have dire circumstances you usually cannot have more than one VA LOAN in your lifetime.

It's really not as dire as that is it? 

You have to show that you are willing and able to build the local economy providing employment and housing to those in dire need. 

Most of these owners are usually not in dire financial straits.  

After working on this house for about 3 months strait I took a couple month break and got back at it.

There is always risk but i don't believe it is anywhere as dire as what @Kevin Yeats detailed.First of all in order for your HELOC lender to foreclose you will have to default on the loan.

Since I am young I feel like I can afford to be risky, to an extent, with my investments without having dire consequences on my retirement.

Most of these folks could be nervous and fearful of the transaction--especially if they are in a dire position or have never dealt with an investor before.

Check out this BiggerPockets blog on UBIT that I posted last week. https://www.biggerpockets.com/blogs/5105-self-dire...UBIT does not always take a significant bite of your profits.

Low job growth, high public assistance, schools that are in dire straits all lead to higher taxes.Gino