So, in one aspect, you could use your VA loan to purchase the home with 0% down, reducing your initial costs.  

Further, the existence of a diving board or slide further reduces that number.  

Thanks for sharing your experience, sounds like something positive may come out of getting an elevation certificate even if I can just reduce the cost of the flood insurance.

You're "saving" the 10% management fee, but it's costing you a lot in time, stress, and money. 

Having a well-maintained property will also reduce the vacancy period.

You need to plan to deal with these issues before, they even come up & Develop a plan to handle them.Working with General partner or syndication group like ours, can significantly reduce problems, you face as we handle all aspects of property management and you will gain valuable experience on property & investment management along the way. 10 Multiple streams of incomeYour income from your job is only one stream of income, what you want to have are multiple streams of income.Such as Your Income Your Business RE property 1 RE Property 2 Re property 3In Toronto Canada average property is over a $ 1million and it is growing annually at over 10%, which means it is growing at $ 100K annually whereas the average employment income is around $ 40K only.Consider each real estate property as one stream of income, with multiple streams of income, you can be saving a lot more money than what you are earning from your job or business.

@Corbin Dallas - I purchased my first townhome with a VA loan, reduced my expenses with roommates, and kept that townhouse as rental property when I upgraded to my next home.

Spending even one minute stressing about this kind of thing isn’t worth it.

Once it’s built in 2 years or so, I have already saved up for down payment by then and I’d just have to contribute to the mortgage and live there until enough equity is built up and reduce the mortgage interest by refinancing. once I’m ready to purchase a second property, I can rent out the first property to then move out to the second property.Is this a bad plan?

Then the agent says once it converted to rental near future, the loan officer can reduce the HELOC...