Lesson learned that location is always no.1 factor and quality of renovation is the momentum of it and those two the most profitable combination.

Given your plans to use VA loans for multiple properties, it’s important to consider a few key factors when deciding on your next purchase.Since you’re already using a VA loan for the 2300 sqft home, it’s understandable to think about the size of your future properties.

I will be injecting new funds every year.Full Control: I enjoy analyzing deals and prefer to have full control over my investments, so syndication is not an option.Given that I'm a complete newbie in real estate, I would greatly appreciate your advice on the following:Selection Criteria: What factors should I prioritize when choosing properties?

Hey Jake - Rates are currently around the 7's, but the exact rate will largely depend on factors like your cash flow, LTV, and FICO score.

@Rob Ibarra Converting non restaurant space into restaurant space can be fairly costly from what I understand due to the need for larger than standard water lines to service the building and a general need for grease traps and other restaurant specific infrastructure.My first question around going from abandoned auto shop to kitchen is zoning, could you even get the use approved, and then are their any environmental factors in play? 

Definitely becoming more of a factor that will squeeze margins.

I finally got my inherited semi detached SFH (C+ working class neighborhood) ready to rent out but the attached house sticks out like a sore thumb and I believe the tenants do it on purpose as a deterrent and intimidation factor. 

But as to remaining profits - after those expenses and monies owed on the property are factored in, any monies distributed to you would count toward what would be taxed.  

It depends on a few factors.1.

No matter how much detail you share here on the forum, we will not be able to give you a reliable estimate because a lot of factors can change the result.