However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

Some are unhappy, most are supportive.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

interest rates just don't support it right now. 

I am a licensed realtor in NH and ME but I am coming here to have resources for my own investments and knowledge for myself and my clients. 

You will want enough return for the deal to support itself or you won't be able to scale well.

The guarantee in 4 months seems a little off but I like the VA support system you mentioned.

Quote from @Christi Wolverton: First time in 3 years of mid-term renting that I had a credit card denied two months after client moved in.  

I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.