With my bank I have interest only payments for whatever amount I am using (just upped it to $230k but with zero balance I’m obviously not paying anything at present) for 10 years then would need to start paying down principal.

I am using the properties to cross collateralize and buy additional units. 

I am using Facebook and another roommate finder app to source for roommates.

I am using a VA renovation loan (similar to a 203k loan), to pay for these fixes.

Just wondering because I am thinking of trying REI/Kit and I am using CI PIN right now.

I feel comfortable with the Twentynine palms area and Joshua Tree area as they seem to have good established regulations in place and being close to my home town of Las Vegas I am used to desert styles of properties and have contacts at lease kind of close.  

I know these are being set aside incase something comes up, so I do not see this as income, but it's not an expense I am using each month either.

In tough markets in California I am used to getting an inspection done pre offer so I can offer with no continency whatsoever.

AI am Using comps in the area "recently sold homes" with the same square feet (roughly) and same amenities.

I am using this loan to obtain an 8-10 unit. = With that said, I would still consult with a lender and this isn't advice.