Some lenders may not be familiar with VA supplemental loans.

I've heard that heat pumps are meant to be supplemental systems which is concerning but I'm not sure if that's true and this house is up near Bangor, ME which gets colder than -5 F.    

What you build there can either fund or supplement what you do once you all settle in Alabama and can build like wild fire once you hit the ground here.As mentioned stick to the better school zones in the Cumberland area (or surroundings).

The idea is to supplement (or cash flow) my own electric bill at a different home I live in.

Thanks Ahmed/Jim,To start I plan on simply buying a house that is ready to move into and rent it out as a way to supplement my current income.

I'm currently a mechanical engineer by profession, and am looking to make future real estate investments in the coming years to supplement my income, and secure an early financially secured retirement.

This includes the FHA 203(k) Rehabilitation loan program; however, the guidance for the 203(k) supplemental origination fee did not change and remains the same.The elimination of the origination fee cap for FHA standard forward mortgage programs DOES NOT apply to the FHA HECM (reverse mortgage).

I am okay with a middle to high 5 figure income since I am doing things on the side to supplement.

Looking for cash flow to supplement your paycheck is a very good start.

A new supplement to the HAFA guidelines "amends this restriction to allow servicers the discretion to approve sales to non-profit organizations with the stated purpose that the property will be rented or resold to the borrower, so long as all other HAFA program requirements are met."