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You also get the benefit of doing a BRRRRR strategy this way instead of buying turnkey properties (which is required to qualify for a DSCR loan). 

For online learning about STR and tax benefits, I would highly recommend looking up Toby Mathis on YouTube.

The VA home loan can be a powerful tool for purchasing a multi-family property, offering benefits like no down payment and competitive interest rates.

STRENGTHS-  strong affordable housing market-  cool city with a great feel-  nicely mixed neighborhoods with properties in need of repair next to nice homes-  large university, robust medical community-  decent rents overall, currently trading at 8-10% cap rates-  Micron promises growthWEAKNESSES-  Micron hype is making people spend way too much on properties-  pesky code compliance inspections here too-  student housing area is incredibly compact and difficult to get in to-  difficult to predict if a property will benefit from renovation or not-  contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.

He has owned this property since 1999 and still owes money on the mortgage and we are interested in learning of a way to benefit the both of us instead of me using an owner occupied loan. 

But, you can't determine quality by simply what they charge.....as there are plenty of terrible agents who also charge a lot.You'll need to determine what value they bring to you personally and do a cost benefit analysis of whether the cost is worth it to you or not.

As for renting, going cash flow negative isn't great, and your home isn't likely to appreciate as fast as it would if it was a single family home, so holding with hopes of increasing appreciation may be a verrrry slow play, but if you can afford to hold, having a tenant pay down your mortgage is an additional great benefit to real estate investing. 

If scaling is truly impossible and you hit a ceiling at $80000-$90000 a year (figure I have got by googling "How much wholesalers make"), then it's indeed kind of a dead end a job with only benefit of working remote and making your own schedule, away from corporate world and office politics/nonsense.

Once the new supply is absorbed, and we are seeing rent growth again, which supply and demand is all but guaranteeing, not only will our project benefit from stronger rent growth, but also appreciation will accelerate as more buyers will come in helping drive up prices."