It isn't rocket science.2.

Just a follow up question, were you utilizing debt to invest, I have always been taught since a young age to try and not utilize debt (I come from a family of stock market investors, traditional business owners) where debt is not utilized as frequently which I obviously understand debt can be a very powerful tool and utilized in a great way its just something I want to avoid with my investments to an extent any suggestions for investing without debt or as little as possible. 

I've heard about rocket lawyer, do you recommend anyone?

One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #26­24­17 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road. 

I was under contract for a property, and the financing fell through due to the property not meeting the lenders requirements and not being sufficient.The seller is trying to keep the EMD as I have signed and requested the mutual release.

It’s not rocket science.

Hey Everyone,   Honestly just looking to take a dip in what I know are undoubtedly deep waters. The idea of real estate investing both intrigues and terrifies me. Any guidance is welcome!

@Jay HinrichsI try to avoid historic districts at all costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

There is a chat room that everyone asks questions in and try to get answers.