I purchased a duplex using VA loan a year ago and plan on buying a 4 plex in August using FHA.

I am a real estate investor in Los Angeles, California, looking to network with other investors, wholesalers, brokers and investor friendly agents in the state of California and also Nevada/Texas/Georgia/Florida/Maryland/DC/Virginia.

I am a newbie wholesaler in Norfolk, VA.

In Virginia you can actually recoup portions of money as well.

VA does the move-in part, HUD the ongoing financial help / rent payments. 

This is also done so that the loan qualifies for Fannie and Freddie, or FHA or VA depending on what's being originated.

But to do BRRR, get a HELOC, get another VA loan, etc., all those things require that I can document some income.That said, a good flip here and there would be a nice boost for you. 

In my case I had a 2nd VA loan and had to put money down AND pay off a car loan to get the best rate possible.Basically ask you lender, what do I need to do to get approved.  

For example, I am working with a developer in VA who currently owns 100 units of a 155 unit condo project.

@Virginia Jones The asbestos glue isn't usually friable so I wouldn't stress over it too much.