Back in 2011-2012 it was easily the hottest most advantageous market for investors, but after everyone flocked there it soared the prices, shrunk the returns and inventory got low.

In that regards, it could be an easy way to conventionally house hack.

Since as disqualified person you are not allowed to provide a personal guarantee for a loan to your IRA you may not use conventional loan, you must utilize non-recourse loan (meaning the lender has no recourse against you personally, property is the only security for the loan).

For example, your current negative cash flow could become very positive if you took out a conventional investment mortgage for just the $75k that you still owe VA, payable over say 20 years starting now. 

If you are going with a conventional mortgage (this would include an FHA loan), get a pre-approval letter.

In the end, I sold for $130 about 15 months later and purchased the next house conventional with a large chunk of the proceeds as the down payment.  

There is a big caveat to that though, which is that (1) I haven't entered into any LPs myself, and (2) the clients I work with are large real estate investors not using conventional bank financing.However, I did make loans to LPs as a bank officer prior to practicing law.

Conventional now has some lower down payment loans as well. 

I’ve been here for around 3 almost 4 years now, can I refi to a conventional and use the FHA to for a house hack on a multi family.

They aren't going after you typical wholesale deals, more so retail who doesn't want to go through the selling process. in other words they are not working the urban core … burnt out landlord homes that are a mess.. which are most of the wholesaler inventory in the rental dominated markets.