You can allocate those proceeds any way you want - as equal down payments or buy one for cash and others with loans - It doesn't matter a bit as long as you use all of the cash and purchase at least as much as you sell. 

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

I have got a audit on my loan something like this.

People reinstate the loans and do loan modifications all the time.

Your VA loan will be crucial to your real estate investing growth, especially since it affords you the potential opportunity to own more than one property, depending on your overall allotment.For active military personnel, that conundrum of where to invest and where you will end up is always part of the issue that sometimes causes analysis paralysis so it's great you have one in VA Beach already.

@Ben O'Neill I have a second, and for a short while a third loan on a property.

I had a call with a loan officer yesterday and I am very intrigued, but haven't heard much in recent discussions for this product or found anything in the search bar for this bank. 

Explore FHA loans and mentorship opportunities from experienced investors.

You will make more from loan pay down, yes you SHOULD have some appreciation.

You have a decent loan on the place that you won't be able to replace from a cashflow standpoint.So keep at it.