You will have to be careful though, to target a refinance after 2 years to free up your VA eligibility to re-use.

@Matthew PorcaroI can certainly understand your point of view and advocation for 203(k) loans, however...In my opinion, and feel free to correct me again, a 203(k) loan is not ideal when utilizing the BRRRR method for the following reasons...- It's against FHA rules to use a 203K loan for an investment property, unless it's a 2-4 unit multi family and you will live on site.- 203(k) Loans are for Owner-Occupants- You can't use a 203(k) loan, legally, if you're planning to rehab/rent(not live in) the property.- The Cash Out Refi Seasoning Period is 12 Months.

your realtor should point you in the direction for a few recommendations for inspectors. there are some free inspections out there so take advantage of those too!

@Austin B. if you go to https://home.flipwithrick.com/freewholesaling they have a lot of good training but the also offer free purchase and assignment contracts to download.

@Pandu Chimata, As a private lender myself, typically what happens is the title company has an in house lawyer, where you can get a mortgage and note prepared for free.

You'll net around $150k and that will be tax free.

Let me know if you'd like me to run a free estimate for you. 

I've wholesaled 3 seller finance deals in the past 6 months so feel free to reach out with any questions! 

It does not matter in some places if the land is free, the cost to build is too much.Why did the other lot sell for $170k and not yours would be another question I would ask

Feel free to reach out if you’d like to learn more on house hacking (could be a great way to get started), I can share my experience