I am about to acquire a property sub2 with new(he bought it 5 months ago) 144k mortgage at 3.4% va loan.

I know, I know...there are far worse problems to have lol, but I figure at some point I'd like to acquire a new truck and since I have a jeep just sitting there as a spare vehicle and I'm only 1 person, why not purchase it when I can write off a portion of the purchase price and then use it as a personal vehicle after the depreciable years if that is allowed. as far as using that 40k to sink into other investing endeavors I would still do that.

@Cesar Escobar In my opinion, if credit is not a concern (i.e. you can qualify for a conventional loan if you want to) there are two main reasons to use a 203k loan:You require a construction budget, but aren't able to put 20%+ down to acquire a construction loan (or don't want to)This is a first time rehab and you want to take advantage of a professional consultantThe second option has much less impact than the first. 203k loans tend to be more expensive than their conventional counterparts.

I can source my own deals if need be and I hold a license in Maryland acquired for this purpose in mind initially.

We want more for the property than what you and the seller agreed to".If you have the time, and it isn't keeping you from pursuing other deals, taking a shot on a short sale can be a great way to acquire property.

Do you use Operating Capital to acquire more properties?

In those 2-3 months I have acquired a flip property.

I recently acquired two duplexes and will be doing a live in reno on one of the units.

It was rough for 3 to 4 months but, after almost begging for him to do his job, the guy finally started doing the things that he supposed to do even before we acquired the hotel. 

The reason for this to use the first time home buyer program and acquire many properties.