I do plan on living in the property (which I haven't found yet) but I didn't know all the restrictions.

I have not used my VA at all at this point, but the one thing that I have been curious about and haven't gotten a final answer on is when you PCS/move out.I believe (though do not have proof) that you may need to refinance out of the VA loan since they have a strict OO restriction.

Try to be more specific please, that's a very broad street.Saying wholesale presents problems as most attempt it here as they are not in title to the property and agents may be restricted locally or by their broker of taking listings from only those in title.An agent is then in a position of disclosing they mat offer the right to purchase rather than the property by an assumption of a contract.If a wholesaler takes title, they are just as any other listing client.Acting as a buyers agent, your agreement needs to be based on a transaction rather than taking title, flat fee, commission or by the hour assistance.

Some counties have strong restrictions.

Was an HOA agreement put in place, where the deeds properly restricted and split?

For instance:$5000/month cash flow desired / $200 average cash flow per unit = 25 doorsNow this is just a projection, of course, but it helps keep you on track.On historic buildings, make sure there are no rules or regulations preventing you from doing certain things, like upgrades, or restricting property usage.

First off: Check your FNMA Real Estate Purchase Addendum, I think on page 7 or 8 for the deed restriction section. 99% of these have a clause saying you cannot sell the property for more than 120% of the amount your purchased it for until 90 days after closing.

The requirement wrt trusts seems to be little more than trustor, trustee and beneficiary must be the same natural person at the time of origination, leaving the door open to switch that all around post origination (read creative REI), if I'm reading it right.Of course, these are Fannie/Freddie guidelines, it's not to say originators that sell to Fannie/Freddie can't 'overlay' their own more restrictive guidelines.  

I have three section 8 tenants and I don't recall there being any restrictions as long as you can show you have the rights to rent the property, but it could be different in your state.

In fact, my current residence (townhouse) I purchased as HUD owner occ. with the intention of fixing then renting after the 1 year occupant restriction is lifted.