While I have never filed a claim with them, they provide the coverage I want for cheaper than the consumer providers do, plus it includes 1 million dollar liability per property.

Hi BP community --New investor here with two immediate goals: establish my network and consume as much knowledge as possible before I make the official leap with my first property.

The VA Pamphlet 26-7 (often referred to as the VA lenders handbook) states you must intend to occupy the property as your primary residence within 60 days, however, that can be extended up to 12 months on case by case basis if circumstances permit - i.e. purchasing while deployed or on extended training periods out of the subject property area.

This will be costly and time-consuming, and you will still not have a house during the process. 

I have been consuming BP podcasts, reading, talking to a couple other investors and trying to hone in on what I want, but truth be told it has been a little intimidating and overwhelming...if it was easy everybody would do it!

4) How substantial of a job is the removal of a property and how time-consuming is it?

Most are time consuming but can be a great way to get an "off market" deal.

If you are a smaller invester and in full growth mode, trying to acquire as much as you can while still working your W-2 job, with family responsibilities, etc then you may want to minimize turnover for a time as this could consume a decent amount of time (and might make you miss a deal perhaps) .

These audits are time consuming and very stressful.

We are based in NJ, so wanted to know how much leverage we have in this case (and how much we can leverage the Consumer Fraud Act in this case).