I would recommend on selecting a location to invest first because all subsequent steps will be different depending on the location.

The housing market and subsequent rents continuous rise is predicated on the costs of construction because of over-regulation, etc., etc.4) Technology and efficiency- I am an advocate of innovation and capitalism, unfortunately where Technology has made purchasing or pricing out a rental a million times easier, one of the primary reasons why this wont have a net-positive impact is because it eliminates the income that would be generated throughout the entire Industry. 

remember that VA loans have a funding fee. subsequent VA loans the funding fee goes up.

Regardless, I strongly suggest you contact Randy Corlew, P.E. at Welroc Enterprises LLC.  

The big difference is that the loan will reset that fixed interest rate for the subsequent 5-7 years.

Also, appraisals are much less difficult on the subsequent sales, since there is at least one good comp;2.

In the event any additional administrative duty is required to correct any infraction of any rule, agreement or default the landlord shall have the right to assess an additional adminstrative fee of $25.00 for each and subsequent infraction reasonably necessary to correct or cure same.It is agreed that such assessments shall become due and payable upon performance of such duties by landlord and that if unpaid shall become a part of rents then due.

To further quote Howey, “The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others."

While some of the tax burden can be mitigated with the right business entity, for the most part, you can't afford getting hit hard by the tax-man when flipping houses.And, if this is your first flip, unless you're making an extremely large profit, there is pretty much nothing you can do to avoid any taxes on this property, regardless of what entity you had holding it.My recommendation would be to finish this one out in your name, and then consult with a CPA about setting up an entity for subsequent flips.

Your ability to put a property under contract and subsequently sell it is generally protected under the Contract Clause of the Constitution (Basically says that the State can't make a law that prohibits the otherwise lawful execution of certain contracts.)