Who is your primary duty to in your state?

@Kenneth Dai and @Edwin Williams, It happen to me 2 years in a row so let me explain it: It is vital somebody trusted be physically there during 1st inspection and get an exact explanation from the inspector about the items! 

@Brian BadolatoOverall vision, timeline (how long you will hold), who is going to take care of repairs, other separation of duties, who is collecting rent, how will you handle things when one of you wants to sell, how much cash will you keep in your operating account, just to name a few...

They have a duty to keep your best interests in mind, above the seller's and above their own.

I am the owner but have 2 assistants who do 90% of the PM duties (and 100% of the stuff I don’t want to do) Same story here.. we take HUD (Section 8) which pays way more than market since most local owners don’t want to deal with it.

.- The amount of rental income to include in effective income is based on 75 percent of the amount indicated on the lease or rental agreement unless a greater percentage can be documented (existing property).I advise both active duty and veterans to not only use their VA benefit to purchase properties (due to the 0% down and lower interest rates), but also invest using conventional or DSCR products alongside the VA strategy.

Purchase price: $290,000 Cash invested: $25,000 Like many military investors, we typically buy properties in each duty location (if possible).

As a veteran myself, I understand the challenges that can come with navigating the VA loan process, and I am committed to helping veterans and active-duty military members find homes that fit their needs and budgets.I would love to connect with the Bigger Pockets community to share my experiences and learn from others.

Also, if we are ever NOT able to perform PM duties, the cost for that will come out of OUR half of the 50-50, since that is one of our main ongoing functions that we are responsible for.

This is another VITAL reason for wrapping the building envelope with a consistent plane/barrier like Tyvek.