You said the tenants pay the utilities, but I would reach out to figure who pays for the gas, electric, water/sewer, city fees, and trash to more refine your estimates. 

Tradelines still work, I bought a 3 tradeline package in February and was able to refinance my auto loan at a rate of 3.99%.

You don’t have to sell the property to keep using it, you would just need to refinance the first VA loan to conventional I believe, which would 20 percent or more equity.  

@Quandra Adams Is this for a purchase or refinance?

Medford/GP Area) I'm interested in the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) and would like to begin ASAP.Main question would be if any investors in the Oregon have worked with any Rehab Teams / Property Manager in the area.If you could leave your comment/opinion of their work, I would highly appreciate it.ThanksBrent

By the end of the term, I would have paid off enough principal that I would not be too worried about being able to refinance again if I held it that long. 

After this first purchase we're looking at making a bigger purchase towards the end of the year, or early next year on something that can offer more cash flow.We were initally looking at the Killeen area due to the low amount of cash needed up front, but if we could find comperable properties in the Austin or other areas near us that we're familiar with then we're certianly open to those as well.I'm meeting with an aquaintance next week who works with mortgage investors, so if I can get a better rate than what we've found from traditional refinances we may look at pulling a little more cash out.

If I do not refinance down the road to conventional financing, it will eventually allow me to purchase one more property in this manner before hitting the limit of 10 with conventional financing.I have never done a subject to deal before so I am not exactly sure how it will work on both ends. 

I bought a house in Trinidad 6 years ago and am doing great on it cashflow-wise, even after a cash-out refinance a year ago where I pulled out 100K in equity.

Let's look at a (very simple) refinance example:Assume you bought a $100K house for $20k down.