Putting down 20% ($75-80k) and getting low teens for CoC.  

17 years old and looking to get involved in real estate , any advice for me ?

My teens like to kayak, and we live on a lake, so we have lots of things to do for fun.

Currently as is, there are five people (one adult and four kids/teens) living in the house (4 beds/2 baths/2 car garage/1,828 sqft.).

Again, not a high skill task, my teens do it, have on 2 houses so far. 

Targeted annualized return is typically in the upper teens achieved over the hold. 

To me, being risky and taking calculated risks are two different things, that's why I opened a HELOC for only 50% of my home value. 1) the limited amount curtails being reckless2) it keeps the budget much stricterWhile your VA loan advice is solid and sound (the option to reuse is nice too), I have yet to find a way to convince my wife and two teens to move into a 4-plex.

It is your roadmap for where you want to go and it's just for teens like you!

We had several extended periods with abnormally low temperatures in Dallas this past winter, that will create high electric bills in an all electric home.You said you replaced the A/C when you purchased the home, did you by chance have heat pumps installed or is the heat just resistive heat (very expensive).Even with heat pumps, when the temps get into the teens, the cost to heat goes up significantly.

This was a mom and her adult daughter (plus two teen age girls) who rented my house.Initially they faithfully paid the rent each month; even calling me to come and pick it up (yes; I was so new at the game I was driving over to get the rent).