I own a seasonal rental condo at a beach in NC, and I built a house in the VA mountains, so I have some skills to rehab, I really enjoy doing this hands-on work, more than my full-time job!

However, certain restrictions actually do apply related to servicing guaranteed and insured loans (FHA & VA as examples).

I do know the prices in the area fairly well & the school districts/areas I am interested in.I have a prequal for a VA loan.

I agree -- I believe these disclaimers saved my behind in VA, even though I've heard they are legally meaningless, as it may have stopped the tenant from suing in the first place, so no expensive court battle to start with, even though it was contributory negligence so I probably would have been okay.

VA listed at $16,000.

Previously I ran retail businesses and needed banks with branches where my stores were (in Northern Virginia).

My current scenario is using a VA backed loan financing between $110,000-$130,000 for a monthly payment between $650-$780 with estimated taxes and insurance.

I'll be using a VA loan which already cuts into profits, but I'd still like to have an idea of what the current "norm" is. 

We had something very similar happen on one of our deals, however, we were actually selling a property and buyer was getting a VA mortgage.  

Hello All,I am placing a bit on my first investment property in the Charlottesville, VA area.