Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

Your realtor will be able to give you a much more detailed market specific answer but with house hacking and a VA loan it should be possible to get 0 out of pocket.

Heck, if it’s only a high bill for a few days, then YOU pay it, establishing a good working relationship, and if possible just add 1/12 the cost to the rental rate when the tenants renew. 

Make sure to keep backup documentation for each transaction if possible and transfer the balance when you return.

Sometimes, it is wiser to sell even at a loss rather than become further entangled in a tough investment.The rise in alternative investment strategies has created a range of possibilities that can be tempting for new investors.

Usually, FHA allows for it if it's 51% or more residential, however a solid lender local to our area needs to be the source on what is/isn't possible for this specific property.Certainly, the numbers you gave look good upfront.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Appreciation is very much possible, but my question to that is when do the markets reach their peak and prices start to soften up a bit. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Now that I have answered your question, I'd like to share my questions and possible concerns.