They are going to ding you for your current condo payment, the income from the other 3 units will help, but its a good idea to iron out the financials before hand.

@Caleb Heimsoth I've only talked to about two loan officers regarding the VA loan and they said once you are using a VA loan, you cannot pull another one until that property is out of your hands...

There are people with tons of cash at hand out there and willing to spend it on anything.

It is your job to find the handful that are real deals and being undervalued for some reason.

On the other hand if you plan on more than one joint venture it costs less than 500 to set up an entity and pay for the licensing for a year.  

I wrote a check for the full amount and was handed the deed 15 minutes later.

Antoine,Thank you for your response.I have had some interest in investing out of state but want my first investment to be close to home so I can get some hands on experience. 

I love the ability to make my own decisions and not have added stress of other investors on one hand. 

In practice, on the claims I've done, they will hand over the additional amount once you have a signed contract to do the work.

Kevin Vandenboss For what it’s worth, every time that I’ve (personally) looked at portfolios there’s a handful of gems and some “dogs with fleas”.