Financed via VA home loan How did you add value to the deal?

You can pay for it with FHA loans or regular loans.

Ruth,Great thing about commercial is we at the bank do not look at the commercial loan because it does not populate to your credit report.

As someone who reports to sec for our loan portfolio - blows my mind how loans held for sale must be reconciled and valued frequently where as held for investment never have to be adjusted.

Use loans or other ways to pay for many projects at once.

We finally got the approval 10 months ago from section 8 to increase the rent from $1000 to $1250.

I utilized a HomeStyle Renovation Loan, a conventional loan that enabled me to finance the cost of the rehab.

U NEED your W 2 to qualify for loans full stop.. as your starting out. so just be realistic time freedom can come with a switch to full time RE agent you will get more free time but RE is very very tough.. and once you go self employeed you need two solid years of tax returns to qualify for funding..

This can often be a great "investment" if you plan on staying a long time in your house.An interest rate cap is only good for 3 years, and, specific to this loan, it is interest only.  

Get loan P/I monthly, put together a Capex plan for all of the current and future repairs.