Using the VA loan to acquire a multifamily is a fantastic move, it allows you to build equity while keeping your housing costs low.

Like no light fixtures. 

I spoke to her and they were going to do a light remodel (barely lipstick on a pig) and start renting the place. 

To be honest I couldve gotten away with a much cheaper rehab (kept older kitchen and bath, just did sheetrock work, flooring, and lighting).

The insurance company will send you copy of the tenant declaration page proving coverage, and they will notify you if the tenant ever cancels the policy or allows it to lapse.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Since this would be your first deal, I would advise targeting properties that only need a light cosmetic rehab. 

This is especially crucial in urban environments where every inch counts.Enhancing Market AppealIncorporating elements that attract tenants—like natural light, flexible layouts, and sustainability features—can significantly increase a property's desirability.

It the equivilant of a very light sanding, then poly and looks good as new.

Basic, but functional faucet.Appliances ($3,500):Focus on essential replacements.Refrigerator: Energy-efficient model.Range: Standard electric or gas range.Dishwasher: Basic model.Consider deals, scratch-and-dent appliances.Lighting ($1,000):Recessed lighting in the ceiling.Under-cabinet lighting.Basic pendant lights over the island.Paint & Trim ($500):DIY painting.New baseboard.2.

Best option: don't invest in areas with high crime.Security cameras, motion-detecting lights, and plenty of signs that it's protected by a security system.