This will allow you to get a realistic understanding of what you can/can’t afford and a baseline for what you need to do to improve you position and any additional capital to save.  2) Lenders will request the below preliminary information.Name of entity (organizational chart if applicable)Personal Financial Statement (PFS)Schedule of Real Estate Owned for each borrower/guarantor (SREO)Resume/Bio for each borrower/guarantor, if applicableBank statements for verification of depositsLast 2-3 years of tax returnsI recommend using a mortgage broker in your area that is able to connect you with top commercial lenders to get you multiple competitive offers.

Improve management, improve the assets, increase rents inline with market rates, but with tenant retention in mind, as well.

These subcomponents could be anything from HVAC systems to light fixtures or flooring and exterior improvements.

I invest to replace income, build generational wealth, creating an income funnel, and improve the community around meI like the search and the hunt, acquire a great property, and turning it to something great that no one saw otherwiseIP I look for a deal that makes sense that has a good tenant class, good appreciation, and solid returns (8/10% cash/cash)An agent has to have very good market knowledge, understand the local geographical attributes, and has a good relationship with their network

Fully rehabbing the upstairs kitchen, bathroom, and living rooms with medium-to-high-end furnishings (to fit the area and future tenants), and basement will have smaller quality-of-life improvements.

Hi @Luke EdwardsThe interest rate doesn’t really improve for a VA loan if you put more than 0 down.

I'm in NE Ohio and while I don't plan to completely "self-manage" (ie, do maintenance/cleaning/etc. myself) I do want these properties to be close enough that I can A) check them out personally when needed and potentially tinker/add improvements on occasion myself AND B) if they are vacant for a weekend, go and enjoy some R&R on short notice. 

I would like to revisit this same deal with some assistance to improve my analytical skills and areas of improvement.

@Corbin Dallas Are there any changes/improvements you could make to the home to increase rents?

Still need reserves for roof, appliances, hot water heater, hvac, bath and kitchen remodel.etc.Unlikely insurance is $25 per month and taxes will go up as you improve the property.