When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

In a short verse, I don't have the numbers :( but in general I just don't know if what I want to do in the long run which is BRRRR would be a good idea if I start with utilizing a VA LOAN for a duplex to begin with.  

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

My vote is if you are going to continue to buy, you need to utilize leverage.

Utilizing a wrap he has a mortgage note as an asset to offset the mortgage he’s still responsible for on the property.  

Does this strategy utilizing HELOC really work on saving money and paying off mortgages much quicker?  

Has anyone utilized the 100 percent financed Multi-family Acquisition Program?

On utilities, I bought a foreclosure in NJ and found out it was not attached to Town sewer and I actually had to extend the main line up to my property then put the lateral in and abandon an old cesspool.  

Renting at FMV ensures the property qualifies as an investment while preserving its long-term utility for your portfolio.This post does not create a CPA-Client relationship.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.