I personally will not expand into a market without securing a reliable team first.Service Quality Over Price – While 10-15% may seem attractive, be cautious—cheaper often means less attention to detail.

Were seeing projections that new construction is going to make up a much higher percentage of loans by the end of this year.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?

I doubt he'll be able to quality for a loan (VA) with just his income. 

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

I read that one of the requirements for getting your second FHA loan is having a change in family size.