Initially, my goal was to secure a multifamily property using my VA loan for leverage, focusing on long-term rentals.

Most retired couple, should be able to  “get by” with 5, especially if they have any other investment< social security or a pension. 

It's also wise to check references from previous landlords to understand their payment history and behavior as a tenant.Once all the information checks out, you can proceed to signing the lease and collecting the security deposit and first month’s rent.Good Luck!

Quote from @Muhamadou Kaba: Quote from @Jay Hurst: Quote from @Muhamadou Kaba: I have a duplex in northern Detroit, Michigan (near Wayne State) that was ...Hey man, I'm curious if we can secure you an 85% rate/term refinance.

Ceiling fans need to be secured differently than a basic ceiling to be stable and this is of course electrical work so allowing a tenant to potentially do it is a liability issue if they got injured. 2.

What kind of terms have you been able to secure?

Since you don’t have a credit score yet, think about getting a secured credit card to build it up—it’ll be key for real estate financing.

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

She eventually got arrested and sent to jail right after I kicked her out so suing her for add'l damages above the security deposit amount would be easy to get the judgement but difficult to get paid back.

Do you prioritize competitive rates, flexible terms, or quick approvals when securing funding?