A small deposit is collected to secure the client on our schedule.

Absolute convinced real estate is the long term answer to financial security.

 The purchase agreement should have stipulated that rents would be prorated based on the day of closing and that the security deposits would be transferred to you, along with keys, copies of any written lease agreements, tenant payment records, the original tenant application, etc.

These expenses can run into to the thousands or even tens of thousands of dollars so it is extremely important to set money aside on a regular basis to cover them .  

But does that mean I have to line up a job in that new location i find before I can secure my loan?

Should I use the VA IRRL or should I refinance with a regular bank? 

Take the clean up and damages from the security deposit.

Once both properties are free and clear buy a third and use all the income (my wife and I will still pay our regular mortgage amount) from all properties to pay down the third and so on.2.

The sum of cash I have Is not for the down payment but for the security of the next 6 months after the purchase. 

Hey Joseph,Congratulations for thinking of starting at your young age.To get a loan, find someone in your network who believe in you: Family, friends, etc. who is willing to act as a guarantor on the loan, if you cannot secure it yourself.You would have to come up with some capital to put down as a down payment.