If you plan to expand your portfolio, starting with a 4-plex might provide a stronger foundation for future investments.It's also worth consulting with a local real estate agent or financial advisor who specializes in investment properties to get personalized advice based on your financial situation and market conditions.Best of luck with your investment!

That would be a little higher than I would care to pay. 

To my understanding the VA only cares that the initial person that purchased the property had the intent to live there and make the home their primary.

Additionally, once your tenants move into the rental, you will ask them to sign up for their own electricity plan.

You should always fly down to the market you are investing in and set strong standards with everyone you plan to work with.

Pick your poison carefully though or it can cause a loss on both sides.

Your cap ex and management will likely to be factored in and are you planning on seeing these in person.

Make a plan and work it.

I plan to convert it into student rentals.

@Evan LoaderThe way most syndications work is that there is a 5 to 10 year exit plan(normally 7 years).Those 6 years will normally operate and show losses.