Since this deal took no skin off my back, my plan for the next year is to grab another 4-12 unit with either seller or traditional financing next Jan/Feb, then when I'm eligible to use my VA loan again in May '16, I'll refi (or not) and use my remaining ~$160k or so in eligibility to purchase another 2-4 unit to live in for 0 down.

Dale you might want to look into getting a retainer upfront from these investors.You could have the retainer credited at closing back to them if rebates are allowed in your state and your broker is ok with it.This makes the investor have skin in the game.

They need thick skin to deal with us.

Basement had a skunk skin :)What about you???

@Brent Salazar  @Blake Reynolds The HML would very likely require a downpayment (skin in the game), so the HML loan might be around 55K in this example.  

One particularly irritating cop keep making nasty slum lord comments so I finally told him he shouldn't mind since he was a dirty cop who took bribes and used most of the dope he seized. 

It not really common to make the higher profit when wholesaling but the advantage is you have no real skin into the deal. 

It takes thick skin to be in this business.Millions, Billions, and More are made in the Real Estate Industry.:)Hopefully you have some good mentors.

Lenders will want to see that you have some skin in the game.Good luck and let me know if you need anything.Regards,

Fully agree- when they say skin in the game, I can say I have double.