Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

This process can be uncomfortable at times but can also be rewarding.

The VCCO might not give you information outside of how much the tenant should be getting for rent payments, which is why filing for eviction is a good step. the VCCO will be notified and they may come to you, and you can get some answers that way.Another thing about filing is that the court can enforce a payment plan and a condition of the payment plan could be that you receive your payments directly and that rent is taken out of the tenant's compensation package before the rest of it is given to them.

I had found some regulations about VA guidelines and it speaks about recent separations and states that anyone who has recently seperated and doesn't have the needed 2 years job security can still be processed but underwrites will use their best judgement and will have flexibility.

Would this be a feasible plan?

With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

Quote from @Colton Bridges: I recently bought a duplex that I plan to convert to a fourplex.

Make sure your wife agrees with this plan, though.

When I look at the property and the information what I am noticing is the "game plan" is as follows:1.

We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!