Welcome to BP @Claire SeversonAs you know multifamily housing is incredibly rare in the DC metro....and Northern Virginia is the area that has the least amount of an already small amount metro wide.It is highly unlikely that you would be able to find a buildable lot that has zoning that allows for multifamily use.A few local jurisdictions allow you to put in basement apartments...but I think Fairfax county is pretty restrictive on allowing accessory dwelling units.

I currently have $7k in savings and am able to save $1200 per month.V/RJessie Nunley Being in the military your biggest asset would be the VA loan.

Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri MontanaNebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon PennsylvaniaRhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin WyomingShare your thoughts. 

The info source I went to states that, "A VA appraisal stays on file with the VA (and therefore "sticks to the house") for a period of 6 months.

Rent growth and a VA loan tend to do those things ;) California SF SD and LA investors on here see similar numbers.

I live in SW Virginia, where many of the homes that are $65K or less were built in the early 1900’s.

In other words not privatizing FNMA/FMCC/FHA/USDA/VA/VASH/....

With your VA loan you can purchase from a one to four unit.  

Hey Ericka,I am in Atlanta quite often but currently in Virginia and I use a locate lender here, and lender's company is oddly attached to a university.

@Zach Quick im using a Va loan so i can only "rehab so much"  and since its a va loan there is no down payment, just closing costs.