If anyone is from San Antonio and and has experience in this market then I would love to buy you a cup of coffee in exchange for your advice.

For the price of a cup of coffee, you can get some fantastic advice on how to get stared safely...but more importantly, how to avoid letting your questions keep you from getting started!

If you ever want to get together and get a coffee to bounce ideas off each other, I would be more than happy to be a resource.

This tends to be an amenity that many/most renters look for in a rental.

hey brendenim here in wichita falls also, would like to visit or maybe coffee over your plans. maybe we can make a deal or two or 12. 

Given this, I now have real life numbers , and can now look at what my best options will be 6 months from now ( in June of 2016 ) , to continue my pursuit in purchasing Rental Properties.Here are the stats on the Property I just had appraised / will be closing on in 2 weeks .Purchase Price is $68,000  ( includes my all in cost ... repairs, closing, down payment, etc. )The Appraisal come back on the property for $108,000 This gives the property $40,000 in EquityThis will be an Owner Occupied property ( Primary Residence )My goal with this property, is to Hold on to it Long term, and use it as a Rental property in a year or so from now But my short term goal ( what I am wanting to do ) is to do a Cash-Out refi. at a LTV of 80%   (  or roughly $21,000 that I could pull out in the form of cash ).... 

Both are more landlord related.I'd be happy to meet for evening coffee after the holidays if you'd like.

Would closing costs be an issue even with a VA LOAN?

Banks make loans on 1 bedroom condo's, so I wouldn't think that a 1 bedroom house would be an issue, assuming that the value you are paying is justified with sales comps.Is the problem with your particular financial situation?

It is meant to be an investment property and there had been multiple interests/offers on these different properties.