I'm using my VA loan so I don't have to put any money down & can keep money in my account to fund rehab deals. 

I would recommend shadowing a few loan brokers for the first 3 months being newly licensed. 

Nathan I think this is true if your just talking about rental props for landlording.. the last 2 to 3 years have been the best years of my career.. building new builds and Loaning our funds.

Do not use American Money Loan Services or Tom Vanderlaan.  

If you need the lawyer's name let me know.So now I'm sitting on owning an empty lot and still making loan payments.

Your loan amount would then be 155k - at what 6% or so?

One of the big benefits of buying the whole thing on a fixed rate loan is that one of your major expenses is fixed for a long period of time, including the cost of the land. 

Most hard money loans will not cover rehab costs.

Focus on one task at a time, like getting pre-approved for a loan or analyzing a few deals in your target area.

I'm a new real estate investor just looking to get more knowledge on how FHA loans work.