NOTE: We have a specific POA - power of attorney given to us to act on behalf of the loan borrowers with regard to THIS property and their loan.

Hi Gregory - The Fort Lauderdale market is extremely saturated & overvalued to start. 

People are feeling the pressure from higher interest rates (yes they're coming down slightly) but with turnkey multifamily that has to sell it can be powerful to have cash. 

. - Two single family homes in a community reinvestment act, therefore only require 3% down, get 1% of rate, and receive $6,000 towards closing costs.In order to receive these extremely low down payments, i would have to technically live in the residence for a few months as they do not offer these for investment properties. 

The strategy you are implementing we like the call the "Holy Grail" of house hacking haha; purchasing a small-multifamily to house hack with a VA are powerful tools, and done correctly can really help kick start and build a great porfolio.

The house is in extreme disrepair and they wouldnt be able to rent it to anyone else in its current state. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Brokered a client this 5br 2ba house in Portage Park neighborhood of Chicago but the cheaper less nice side of town for $350,000. He put about $40k in rehab and ended up renting monthly for $1500 master and $1000 each...

Quote from @Warren Powers: @Justin Brin I do have a trusted, competent successful arbitrage operator for my out of state rental and it has been great for several years.

However, I have been extremely interested in real estate investing over the past month or so.