Excited to see where this journey takes you!

Hi @Douglas Alexander, I've used the VA loan many times, but never for MFR.You can't use it for more than a 4-unit building, so 1-4 is OK, 5 or more... nope.Great plan though to house-hack it.Let me know how your research turns out ref. building from scratch.Could be an interesting idea... build like a 3/2 for your family and 3 more smaller units.Then when you move out, you can rent the 3/2 for more obviously and could earn some good cash flow.

That area also boarders TN, Memphis specifically, so the general area would be worthwhile exploring. 

I have explored long distance markets a little bit (Detroit, St.

Lived in the upstairs unit for 3 years until I got married and bought a house What made you interested in investing in this type of deal?

Being new to the area I have no clue where to start when it comes to finding a good builder, anyone have recommendations as I continue my research?

Purchase price: $150,000 Cash invested: $100,000 I have rented this for 4 years now I am renovating it for an Airbnb now once on airbnb it will do 10-20K a month What made you interested in investing in this type of deal?

He wants to help me out and walk me through this process and give me a good property.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

The 50% rule is not perfectly accurate, but if your underwriting differs significantly from the 50% rule (which it does in this case), be sure you can justify the discrepancy.