While the units look to cash flow, for the next 5 years we plan on using that cash flow for any extra expenses over and above what we would forecast for the maintenance, repairs, and capex items for the properties since we already have W2 jobs we plan on keeping for at least the next 5 years. 

I have hate for no one.This is simply an observation or something that is important to understand when you are in this business- because when you go to turn certain units you may run into this big extra cost.

The Theory is this:(Quoted from VA.org: Those who apply for a VA mortgage with another veteran (a VA “joint loan”) may be permitted extra units for business purposes, which means your multi-unit property could have more than four units.

Verify this information with a local broker or appraiser for extra protection.

It was a very easy process on Long Island my agent just found the tenants and had some extra paperwork to get things set up initially. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

So moving to stripe and keeping our money an extra week is making them $1MM a month.  2.

I have no doubt, once I have tenants in the unit and seasoned the property, I will be able to refi out all of my cash plus a few extra dollars.

The additional garage fee was minimal ($100.00 extra per month).

If your seller wasn’t planning on claiming the extra income on his taxes that gets even worse.