If you’re making offers on listed properties that will have a financing contingency, you’ll need to get pre-approved for your offer to have any real shot at getting accepted.A seller’s agent isn’t going to want to tie up their client’s property with a buyer unless they’re confident that buyer has the willingness and the ability to close on the transaction.

However, as an entrepreneur it is testing our ability to adapt which is the key to long term success.

The real power in the VA loan is the ability to apply the loan to small multifamily properties (up to a fourplex).

For one, you have more control and the ability to be more agile by not going the turn-key route.

I’m spitballing, but I think this will change consumer spending habits and NY’s ability to get its act together will dictate the prices of neighboring markets. 

They look at the property's ability to earn income, not just you.

Thanks again for your info.Disclaimer:  I'm not a CPA or Attorney, so you should get your specific advice on these topics from a professional : )You get 14 days to use the property for personal use before the IRS removes the ability to write off expenses. 

I feel very confident in you and your abilities when it comes to multifamily investing and would welcome the opportunity to invest with you again on more projects going forward.

I realize the holding costs will be greater with a longer rehab period, but I assume it will be hard to rent up units while conducting major rehab work, while also reducing the efficiency of contractors ability to complete jobs in fell swoops...Thank you all in advance!

I don't have a total of 25% saved yet for a down payment, however I have the experience (being a property manager) and the ability to qualify for the loan, in addition to covering the other costs and fees associated with the loan.