It sounds like you might be doing a little eraser math (making a deal work from not estimating enough for costs) so beware of that.

@Ankit Lodha, as others have pointed out, this sounds like a transaction you should be able to get done.

The VA loan with the BRRRR strategy sounds like a solid path, especially for building equity without leaving your area.

I know you feel you are on top of it, and it sounds like a class A or B.

Sounds he’s not interested in going through the rent up stage and being an operator.

Sounds like they're considering some rethinking.

I also advertise before someone moves out to get a new tenant before the current one leaves. 100% occupancy on a LTR is very common for me.No idea on a MTR.100% occupancy sounds great, but for a bigger portfolio or apartment complex, it usually means you're leaving money on the table.Here’s an extreme example: I could rent out 100 units at $500 a month and make $50,000.

Hey @Mordechai Chaimovitz - It sounds like you are talking about Chicago's NW side because there are definitely tons of areas in Chicago where a 2 flat can cashflow well.I know for me buying on the nw side was critical to my personal well-being and life happiness. 

It can affect estimated replacement cost and therefore the amount of coverage recommended/required.  

Sounds beautiful.