To appreciate the 20% and refi as a conventional will take some time and there is costs in doing a refi. combine that with the fact that using VA essentially makes you buy retail, it's not as glamorous as one would hope.One actual advantage you can get is buying foreclosed properties from the VA. 

You can combine the illegal unit with another to make it legal and bigger.

That's when I learned that none of these unanswered questions were relevant to running a business.My business failed after a year, but I managed to find a W-2 job (technical writing) that combined the mission of my failed business (freelance writing) with my previous W-2 career (computer tech).

., the bill modernizes the definition of accredited investor so those who do not have a high income or high net worth but do have the education and job experience to evaluate investment risks and merits can participate in the growth of promising companies.

The way I'd analyze that is to say what will a really nice (totally new and modern) 2br unit get me in that area and would I buy a $200,000 home as a rental based on those rental prices?

good modern looks, easy install, reasonably priced and as durable or better then anything else 

I am thinking about either asking the seller to repair the big issues first, lowering the purchase price, ask for a credit at closing, or a combination of those.

(Thank again Dave)  $90K combined income.  

I never thought about combining both, I really like that option.

Using a combination of sec 1031 and sec 121 you can slowly over time convert rental properties into primary (retirement?)