It's a great investing environment here, lots of activity and like all the others said the strong military presence keeps a healthy flow of buyers, sellers, and renters!

So if you look at a deal and see sponsor is co-investing, making their money on performance, and the general deal works and still Investors getting a Healthy IRR. 

@Jeff Sprunger,The VA does have strict guidelines with the major one being it has to be safe, healthy and livable condition.

I guess in the grand scheme of things, that cost of $1799 is not horrible to learn a "tried and true" method, as long as it can actually produce results.

I've got some assets that produce cash, I've got some assets that protect against inflation (I heard inflation is in a decline this morning), and I've got some fun stuff to look at.

The end goal is to build up a portfolio of rental properties to create income producing assets, using flips as a means to fund new buy and hold purchases.

Broad campaigns produce deals.

I wanted to run the numbers on this property, using my knowledge of the area (as well as my knowledge of college students) to see if it would produce the rental results I'm looking for. 

You can try Everbank I had pretty good experience with them.Shoot me an email and I can give you direct contact information in Everbank...But if you have a lot of equity I would just sell and invest out of state in the cash flow producing assets.if you want to learn more about out of state investments feel free to check this meet up:meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

Just trying to find out the potential tax issues from having income producing property in a different state.