@Chris Seveney  chris did you do your initial training with Scott ?

So how is this possible if I’m going to finance the initial purchase of the property?  

I initially went in with hopes of re-creating a BRRR but it may not be possible but hopeful nonetheless that rates can go down to profit more from MTR.

My thinking is to initially give a 2 or 3 year interest only loan to my REI company. 2 to 3 year should be enough to purchase, rehab/improve and stabilize the property. 5.

Welcome to the real estate world and congrats on taking the initial steps to build your portfolio.

Anyone may assume a VA loan as long as they qualify with the lender, but only a veteran can obtain an initial VA loan.

That helps.Inspired by Jamall's initial post, I ended up creating a spreadsheet of most of the CapEx items I could think of, adding a column for current cost, then a column for Future Value (using a future value cost of 3% for annual inflation), a column for the # of years remaining for said item, a column for cost per year and anther for cost per month.

In the last 30 days the tenant could have initiated a bankruptcy, had an eviction added to their record, been sent to collections by a creditor, etc.

The challenge that many borrowers run into when looking for larger equity lines with limits  of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.

I love Baselane's "Amazon-like" tracking feature where I can see when a payment is initiated, when it's process and when it's received.