Hey Patrick,I just recently purchased my 2nd home with VA loan, kind of.

Purchase price: $660,000 Cash invested: $130,000 Sale price: $1,015,000 Bread and butter duplex in a really great area.

Purchase price: $640,500 Cash invested: $110,000 Sale price: $845,000 Single family fix and flip purchased from wholesaler.

I currently have three properties that I purchased in my name as personal residences.

Purchase price: $632,000 Cash invested: $33,000 Sale price: $825,000 Duplex purchased to split and resale What made you interested in investing in this type of deal?

The rehab budget cannot exceed the purchase price.For a lower-value Detroit Purchase + a 50% rehab budget, say $50k purchase + $25k rehab, the following type of loan scenario would be a possibility:

Purchase price: $1,250,000 Cash invested: $210,000 Sale price: $1,740,000 Purchased this 4 unit townhome style 4 plex in Arvada.

I think you're saying you'd like to make a deal with the buyer to purchase the property, however, because they don't have title, it's not the buyer's property to sell.In that instance, what you could do is offer a four-year lease during which time you make payments that would cover their payments to the owner, and an option to purchase.

In my opinion, some associations have way too much control and tend to take advantage of the out of state investors (not all of course).Is your preference to purchase another STR if a 1031 is the play?

.- thanks -  pay towards the 2 loans the same way ...look to refinance  when and if rate drop ...if interested in buying more rentals - consider saving these  funds to use for your next purchase ...there are many great amoartization calculators avaiable for free that you can use to review scenarios