He is outstanding.

The cashout refinance would cover my outstanding debts and the house would still cashflow about $100-$200 monthly if rented out. 

My father and I made a deal: use the money previously meant for Ivy League funds, spend only about 30% of it on college, and provided that I get outstanding marks at a state school, use the rest of the money for an investment in my long term wealth.How did you add value to the deal?

The loan will not affect your DTI and there is no cap on how many notes you can have outstanding at one time.

If you can start with the VA that’s great but in most cases you can’t because they only lend on homes that are damn near perfect.  

You can also have multiple outstanding VA loans, its more of a math  equation.

I found it informative and damn scary. 

If there is still outstanding debt when a property is sold, prior depreciation is recaptured on the capital gain event.Do not fall into the trap of comparing an IRA investment and tax treatment to a personal investment and tax treatment.  

Being a good capitalist robber baron means exploiting the most you can out of every resource and damn the communal cost.

Then he managed to get the bank to short sell it for far below what the outstanding loan was.