My background is in healthcare administration and revenue cycle management  but the past year I have telling myself, I want more from myself which is when I decided to learn and participate in REI.

I started in the land business so I do have a lot of background knowledge at it.I have also been trying to buy a longer term cash flow asset and with rates were they are and cap rates out our way ( at least asking) at 4 to 5 to 6  they still dont make sense. but we are starting to see some 7s so if we can offer and get 8 on a nice project I hope to pull the trigger this year.

This tenant has good credit above 600, good background and everything except income does not exceed rent by three times.

Thanks for your help--Background -- About to start construction on a single home residential property as an owner builder (and yes I know how many in this group already feel about that).

@Kenneth Reimer Yeah my background is in construction which is another reason I think fix and flips would be a good starting point for me.

Is it possible in a technical sense, sure.

After a few months, we finally found a buyer, but I had to settle for less since I opted to sell the property as is to save on renovation costs.To give you some background, I initially purchased the property for $155k.

But I heard also, gov. is trying to do loan modification as much as possible to those CRE in distress.So lot of thing going on in the background that's very interesting ...

You get a set amount for your entitlement (the amount is based off of where the property is located) and as long as you don’t go over that amount, you can technically get more than one VA loan.  

It's still a good policy to do backgrounds on the tenants just like you would for any.