Example - 350k fourplex purchase - 155k entitlement = 195k difference X 25% = $48,750 down payment from veteran needed + closing costs/prepaids/etc to close.Eventually you'll run out of entitlement so you'll have to strategically plan your acquisition cost  values with your exit values when you plan to leave the property so that you can refinance your VA loans into FHA or conventional to "free up," your entitlement to 100% of the county limit once again.Proper mortgage planning will be critical.Hope that helps.

Realtors in the Bay Area are strategically pricing properties below market to create a competitive bidding environment. 

A million helps buy non income producing properties bought for strategic reasons.

HUD's been out of the business of funding landlords with money for decades. that's one of the areas where the training comes in: influencing landlords and aspiring 'vendors' to learn how to form the state, county, city, community, private & corporate/institutional partnerships that lead to a HUD Sec. 8 grant award becoming available as a "program". if you for instance want to charge elderly tenants $ 2,400 a month for a two bedroom dwelling you can propose that criteria within your Sec. 8 grant proposal as a 'program' vendor. a lot of military veterans that are mildly disabled have allowances for that target range of rent with a live-in home care attendant, or home health aid assistant. most well known regional markets have 5+ year Sec. 8 waiting lists of very desirable tenants that you can cherry pick to your heart's content, featuring all manor of financial circumstance. they range from homeless to affluent with interim insolvency due to quite practical reasons. divorce is a very prominent scenario. a growing wave of real estate heirs are among those Sec. 8 waiting lists in more and more strategic regions. you may find that interacting with more recently credentialed occupancy certification specialists can better acquaint you with the actual yield(s) that would be available from the wide unrelated contributors to a potential Sec. 8, or locally subsidized program military bases also circulate routine information on what certain types of housing is worth to their ongoing efforts for key time intervals. their veteran G.

We managed for American Homes for several years from the ground up; we help strategize on where to buy, rent comps, sakes comps, renovated them , then managed them.

I agree with what Manolo said, and would add that you should strategically sub out some jobs while doing most others yourself.

Yes, they are multiply buildings, but they are strategically and closely located so that I can manage easier.

You have an advantage over everyone that does not have good credit if you use it strategically.

Starting with a blank slate, and assuming you have high income and good savings, you really could invest strategically in any market and do well.

I would love to be a partner of a team that works together, achieves their goals and create exponential revenue with strategic approaches to any certain situation whether it's the purchase of a multifamily or the managing of subcontractors in a real estate project.