I confirmed there have been no reports filed or case files opened for the address.

Hey I did deep search in a lot of sub markets throughout different states.As I see, the average profit per average property is around $350 per month.Anyone else can confirm?

The underwriter should be able to call the VA on something like this and get confirmation one way or the other.

Other than that, not factoring in replacement costs, big ticket item expenses, and not having any reserves are some main ones that come up. 

When doing your calculations - be sure to include principle, interest, property taxes (what your new ones will be - not what the current ones are - because after 1 year they reset to what you paid on the property), property insurance, and a maintenance reserve (we use $100/door/month on maintenance).  

On top of that you will need to show cash reserves to support you can complete the project. 

Keep saving your money and make sure you have plenty of reserves before you buy anything.

I’m dealing with this exact issue as we speak.Here’s the details:Guest makes a reservation through Airbnb.

Thank you for confirming these findings. 

They also usually require "reserves" to refinance (most loans do at least).