This strategy may work for you because a) the reduction of monthly debt service on your current home may allow you to rent out your current home for a decent cash flow b) the low down-payment requirement (3.5% last I looked) on FHA loans would allow you to tap only the cash you have on hand and purchase a new property.Pros: Most efficient use of available liquid capital (from the brief snapshot you have given me)Equity in current residence could later be tapped to help you remodel and build equity in second purchaseCurrent residence may cash flow well once rented (not enough data to verify)Cons: Require you to moveHave to pay refinance closing costsThere will be time that you are paying both mortgages while you are looking for a suitable renter, but if you plan this for PCS season for the large number of military installations in the area your risk here is greatly reduced.Please remember to take this with a grain of salt, I do not have all of the details of your situation and you should talk with your spouse and lenders to ensure that this works in your situation before executing this strategy.I hope all goes well for you,Allen Fletcher

Entries like this are probably more suitable for the blog section WITHOUT solicitous items.

The idea was mooted in this earlier thread:- https://www.biggerpockets.com/forums/834/topics/40...You will see that I was suitably impressed with that idea over on that thread - and the person who raised it as a possibility was suggesting it was totally within VA Rules!

You might consider using an investment advisor to evaluate which offerings are suitable and promising.

We then identify properties that will be suitable for our program and our cash partner in the deal takes title to it.  

If I changed my contingencies to make them more suitable and submit an all cash offer, wouldn't I need a all cash back end investor?

As far as other rental suitability hurdles go, the property is a new construction and would not need lead paint certification. 

Also, depending on your area, you may have to add more outlets to make it suitable for a bedroom and most garages are sloped slap on grade and are not sealed verywell to the elements.

Happy to pay a finders fee for a suitable property.

Unless value is added to the acquisition, the pricing of real property is such that it will not afford a suitable return to the investor putting up the money AND the investor finding the deal and a partner.  3.