Once the HELOC is in place, your father-in-law could loan you the funds to invest in real estate.

You can do a few deals like this and also get some money from the deals too.

I invest in Ocala and really like it. 

It sounds like you’ve been investing for a while. 

They don't care you have money on the table. 

Quote from @Kyle Barnhart: I live near Phoenix and looking to invest locally.

New sponsors have a near zero chance of raising money today.

Yes, you can convert the VA to an investment property and buy another one. 

Retired and looking to invest in properties for rehab, rent and refi.

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.