There are some types of properties like ZER CASH FLOW where all money goes to the mortgage and zero's out with the lease term.So If you buy something at say 4 million that normally had 1.2 million down to assume the loan but now can get in for 800k then after closing could re-advance unused funds of say 1.2 million and then do with as you wish and preserve the exchange.Good luck no legal or 1031 exchange advice given.  

If it is near livable you can make reasonable repairs for maintaining, preserving and safekeeping the property. 

The only reason I wouldn't is if you plan to stop with this one and want to preserve the cash flow.

I want to start a property preservation and online wholesaling business.

The property will cash flow around $275/month because of the lower mortgage payment (again, conservative estimate)I've had a ton of friends use the VA load with nothing down on primary residences turned rental properties and it seems like a good way to preserve capital - seems smart especially if I'm gonna be purchasing additional homes in the next year that may need $20,000+ in renovations.

Owner asset preservation programs such as an eviction protection program or resident liability insurance program.These are just a few points to consider.

They consider capital preservation more important than making any return, which is ironic since inflation is eating up their purchasing power. 

PMs are a cushy preservation stage move, not for accumulation stage where cf matters. 

Period.OOS 'passive' rental ownership should be more of a wealth preservation strategy rather than accumulation needing cash-flow strategy. 

That allows you to get most/all of your hard costs back on the refinance, which will allow you to preserve your operating capital and get to 5-10 units faster.