@Frank ChinThe answer to that is a big fat NO, which makes this seem even more like harassment and knit picking.  

These are fully underwritten, with appraisals, underwriting your income, etc etc.If you want to hack the system the way I did, you jack up your purchase mortgage interest rate, take a big fat lender credit associated with that jacked up rate, and do the VA IRRRL exactly at the six month mark.

Hey @Evan BellI would be more than happy to show you guys around and help you get a feel for the 2-4 unit space here in SD.We are actually hosting an event this Sunday at one of my past clients' 3-unit property in Escondido that they are currently rehabbing/renting out.

(pigs get fat, hogs get slaughtered was the mantra I adopted)...My realtor, an experienced, graying real estate veteran and I looked at each other.... we both knew this market would not end well and could not go on forever. 

@Evan Bell; i guess there's not specific joke about chase, but i think what @Nick Watkins was trying to point out was the inflexible nature of "money center" banks (think wells, chase, bofA), you now the big boys with trillions and billions in assets to really help out/build that relationship.

In my area I know of 1 wholesaler that leaves enough fat in the deal that its an actual deal and you could buy, rent, refi out of it.  

@Evan Bell I meant to ask @Cody L. but forgot to.

I tracked her down and proposed myself and a fat tuition fee to learn the trade and she accepted.

@Evan Bell, I just tried to do this and had the same issue.

If these units needed to be replaced they would, invariably, go belly up in the middle of our southern summers.