Bases Overseas: Military members stationed in Germany, Spain, Italy, Korea, Japan, and Portugal need quality rental housing.- VA Loans Don’t Apply Overseas: U.S. military and government personnel can’t use VA loans internationally, leaving them with few property investment options.- Tax Benefits & Currency Arbitrage: Some overseas markets offer better cash flow, tax incentives, and lower property costs compared to the U.S.How You Could Structure It- Create a Private Syndicate or Real Estate Fund: Raise capital from U.S. military, contractors, and government workers to invest in properties near U.S. bases overseas.- Focus on Key Military & Expat Cities: Target locations like Ramstein, Wiesbaden, Rota, Naples, Seoul, or Yokosuka, where thousands of U.S. personnel need housing.- Offer Fractional Ownership or Managed Rentals: Investors own a share of multiple properties while you handle property management.- Leverage Serviced Housing & Co-Living Models: High-end, furnished rentals for military professionals, digital nomads, and traveling contractors.Example Strategy- Raise $1M from 10-20 investors (military/gov personnel) to buy 3-5 properties in Germany or Spain.- Use seller financing & local bank loans to maximize purchasing power.- Rent properties to military families, U.S. contractors, or co-living tenants for stable cash flow.- Utilize local tax incentives and investment visas to increase ROI.Why This Could Be a Billion-Dollar Play- Solves a real problem for U.S. military/gov professionals looking to invest overseas.- Provides stable, built-in demand (military personnel have guaranteed salaries & housing stipends).- Creates an alternative wealth-building strategy for a niche group of investors.- More scalable than traditional rentals.

DSCR is available for an LLC to use for purchase and cash out refis as long as you never plan to occupy the property yourself.

the one time that a tenant clearly went over the expectation they had occupied the unit 13 years and full paint job was expected (normal wear and tear).I also have not found it difficult to match paint. 

Quote from @Isadore Nelson: I’m considering acquiring an occupied foreclosure property—a two-family home in Brooklyn, NY—and I'm hoping to connect with anyone who has experience in this area?

The triplex we bought was fully occupied so we did 1 unit at a time as they moved out.0 Vote  That's great - Are you going to continue with cosmetic rehabs or dive into something that needs a little mjore TLC?

Assume an FHA loan to non-occupy and use for rental real estate.... 

All together the units bring over $8k in gross monthly rent and we have no trouble keeping them occupied other that an annual turnover month.  

@Steve Powers is correct that these were mostly originated as owner occupied loans.

- what if someone is occupying the living areas more than someone else and it causes an issue? 

I’m also making the property my primary residence to lower upfront costs, effectively turning it into a house hack.With this setup of me now occupying a room and not including utilities.