Given that many people have said the average price to build in California is $200 and above per square foot, I became worried.Do you think building a 2-bedroom, 1-bathroom home measuring 550 sqft is feasible at this cost?

Hi Jada and Welcome,I believe in coaching for some people and not for others.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

They told me that they like to lend to people with solid experience.

Most people prefer a detached property with some land on it because they're easier to resell than a duplex one.

Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!

They will not use the income if you don't have those lined up by closing.Tons of people do this, and I also did the same thing earlier this year. 

Please come back and post a follow up, even fi you wind up losing money on the transaction, because it is a good opportunity for new people to learn how difficult flipping a house and turning a profit can be.

Something else people don't know is that technically, for second home loans, you are supposed to occupy the property for more than 180 days.

However, and I'm sure you realize this, the reasons people get into other facets of real estate such as flipping and notes are for the other benefits those provide over rentals.