We bought our first investment in October, a duplex that we are living in one side of.

We bought the house in 2010 because it was the ugliest house in a great neighborhood.

If you bought a place for 325k, you would have about half of your eligibility left for another VA purchase.  

You should have never bought a single unit rental unit house unless you could start off with several. 

On the other hand, renters are paying the notes so who cares, and a 30 year note would mean lower montly payments, thus a higher monthly cash flow, more houses bought more quickly. 

I wish I had heard of househacking before we bought our house :( Now that we know about it, we're trying to find ways on how we can purchase a duplex to househack and rent out our current home. 

I bought my SFR with the garage interior unfinished.

Hi BPers,I have two questions related to a property I own in PA, which I'd really appreciate some input on:1) The tenant signed a lease with the prior owner (who I bought the place from).

If you have sold few houses in the past and your initial intention with this house was to flip, you gain is ordinary gain, not capital.If you bought a property for rental, tried to rent it, and held for appreciation, it might be considered investment property and you might get capital gain treatment.

Ok, I don't want this to be long so here it goes.  Ask was 196k, offered 174k, purchased for 179k.  3 tenants already in, one moving out, one changing apartments - downsizing.  Plan - close in September, renovate the ...