Using VA and getting it restored take some time since the VA is not always the quickest depending on where your regional center is (luckily your in phoenix, thats where the VA admin is on the west coast).I like VA because you can do fourplexes with 0% down and qualification is fairly easily while offering the borrower ability to live for free or make net positive cash flow monthly.

 * New ceramic tile throughout downstairs, front and back landscaping, interior paint, granite countertops, new HVAC, new blinds, built in entertainment center.

I realized it was not my passion - my night, weekends, and conversations with friends was always centered around 'real estate'.

I know some syndicators who become glorified property managers buying existing centers at a 7 cap.

Anyhow, my main question is this...I plan on finishing building out the basement home section and that will end up having 3-4 more bedrooms plus a fitness center and theater room.

Our goal with purchasing these commercial buildings is to start up an event center for the community.

At this stage in my life I have very little money to invest and plan on learning the ropes of real estate as much as I can before making an major decisions.

Again it depends on deal size and whether for example STNL or MTNL.MTNL ( strip centers ) when putting 25% down break even occupancy tends to be about 68%.

I know a lot of people do the BRRRR strategy but I have no time for that and it is too advanced for me at this stage.

Right now we are in an intensive learning stage, but eager to move forward to a deal.My Wife and I met for coffee with a couple we met from BP that is moving to Danbury this month.