I always like to stay under around 60-65% rule, as some unforeseen expense always seems to pop up once you start tearing down walls.

With renovations, it is typical to go over budget (especially on your first one), and you want to ensure you have cash to complete the project if unforeseen issues arise.

Don't automatically disqualify someone without knowing the circumstances of the matter.

Through a combination of odd circumstances I find myself looking for a new tax preparer and will be sure to ask up front now about expected costs.

Make sure that you set aside some money for unforeseen events like sub-floors, rotten pipes etc... 

I think yes, you can leverage your VA loan.But before you do that, you need to make sure you have money aside in case of unforeseen circumstances.ideally, if you buy a fixer-upper and can get 100% of the loan + renovations + Closing costs covered on the loan, then after renovation, you can refinance it to rent.

I'm not too sure about what the circumstances are like in Belgium, but it is possible here in the States.

TN is unique because foreclosure proceedings can be either judicial or non-judicial depending on the circumstances. 

Sure, it's 1954... there must have been a zillion cases and whatnot since then.And with Section 199A, you can use either the safe harbor or facts/circumstances to support 162 (frankly, the safe harbors are anything but safe, I'd take my chances on simply arguing continuous, regular, profit motive, etc.).Perhaps DM me.

Louisiana law states that any tenant who breaks a lease and leaves early (except under some circumstances, and this isn’t one of them) must continue paying rent for the duration of the lease or until I find a new tenant, whichever happens first.