Rent is just continuing to rise in the area and could easily be $1500-1700 in a year or two when I might move out.

I am eager to continue learning and I know that Bigger Pockets will be a major part of helping me attain my goal one day.

I have been looking into buying one of the multi family buildings and putting it back into rental shape and be able to continue and do it over and over to help these neighborhoods not only have great affordable rental opportunities but also to have a brighter future that I can be a part of.

Congrats on the rental.to continued success...

Let's play two!

Knowing the ins and outs of the numbers and tax consequences of owning real estate, as well as the realities of rehabbing and the construction industry in general will no doubt set us up to be successful if we continue to work hard towards our goals.So far: We moved out of our personal residence (SFR) in March of this year, and purchased and moved into a duplex on the other side of town.

There are two things to consider with that:  1) if you decide to sell it, and have shown your house as partially rented on your taxes (which you should), then capital gains tax will come into play on the rented portion.  2) For your next purchase, unless you have a lease in place for the whole home, you will have a hard time purchasing a multi-family as your next live in flip.  

The 70% rule world is a tough, tough sandbox to play in.  

I can't get va or fha financing due to "continued employment" Any advice?

The talks have continually sparked my interest in the subject and I am wanting to move towards investing.