Then, after the refinance seasoning period is up in a year we'll cash out refinance on our 4-Plex and then use the other VA Home Loan we have and repeat the process in 2 years we will have 8 units, 3 years 16 Units, 4 years 24 Units, 5 years, 50 Units.

Contact a broker or look in Scotsman Guide to find an appropriate lender.Check your costs on the bridge loan to see if you aren't better getting a fixed loan on the free and clear property and adding an equity line of credit after repairs are complete or refinance. 

Purpose is rental for eventual refinance, then BRRRR.  

Thomas Turek could you refinance to get out of your PMI?

I think NPN you have to   to make sense of it.other wise great performing notes since you have cash flow day one is a better bet for a beginner and you align with a great broker who just feeds you the deals.. much much easier and safer.then once you get the hang of it if you want to try the NPN and if you can find one that makes sense.other wise I think its a business and a job basically and needs to be scaled..

That seems unlikely, but what do I know.Buyer's intent is to purchase property, convert entire building to living space (which, according to deed restrictions, just means insulated and conditioned space), and then refinance in 6 (conventional) or 12 (FHA) months to pay off owner-financed note.

I'm new to these forums, so apologies if this is the wrong section or a repeat (I'm betting on repeat).  

In order to change the liability of the mortgage you would have to refinance...which is another cost. 

You could sell, or do cash out refinances.

Multi is your best bet.