Then, you can refinance both of those VA loans into conventional, keep them as rentals, do what's called a "1 time restoration," restore your VA entitlement, and repeat the process again.

Be cautious of cities that aren't proactive in job attraction; too much growth can lead to strict building regulations, affecting housing value.Other Factors- Favor cities with a crime index that has consistently decreased over a decade.- For appreciation, I look for a minimum of 2.5% YoY growth in median house values over the past 20 years but I don't use this explicitly in calculations.

Once we have spent time identifying details that affect them, I am given permission to buy for them without them having to visit.

Read up on equity harvesting here and elsewhere, but yes you get the general idea in your last paragraph - cash out, let the PMs deal with the properties, rinse and repeat every 15 (or 20, or 30) years.

How will this affect my credit?

His manager did and determined it was good enough not to affect the business deal. 

As mentioned above, USDA will not make you refinance into a loan if you want to rent out the property, but they do issue some warnings.When a property is no longer occupied by the borrower as their primary residence it will affect their ability to refinance the mortgage with USDA or continue to be eligible for servicing and loss mitigation options.

the simple reply to your question is they do not exist  except for very experienced repeat clients. someone with no experience or very limited experience is not going to get a true no money down HML..

So look for very high growth areas or reliable/stable areas that won't get as affected if any type of downturn actually happens.

Putting the $3100 down will not affect me financially, I just dont think it will be worth it.Any thoughts and personal opinions are greatly appreciated!