Alternative way could be purchasing this property with normal conventional rehab loan, which is a standard 30 year fixed loan + rehab funds being funded up to 95% LTV.

To provide some background here, my wife and i recently purchased a triplex that has an existing 500 sq.ft attached storage unit (conditioned space) and a detached 5-car garage.

I am looking to use a VA loan to get a house but want to purchase a rental property and get started on getting cashflow.

My purchase was an HOA lien on an apartment.

Hey Denise, Are you looking to do a refinance loan or a purchase loan?

A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.

The rate sounds low..conventional mortgage primary purchases are in the high 6%'s-low 7%'s..The 5 year PPP is a little heavy as usually declining..5%.4%.3%..can also consider 'buying out' of the PPP usually around 1-1.5% of the loan amount upfront..

@Danny Celestin- thanks   1) yes - there is a large  difference bwtween  investment property and  preimary residence pricing  2)  assuming the 2 quotes provided are for  investment  properties - these are not too bad for a 2-4 unit purchase 

I purchased it as a single family with a VA loan and used the BRRR strategy.

I'm considering purchasing turnkey through them.