For that application we used gluestrip because you don't have to lift it up and click it in.

If you skills in real estate are limited, then yes, this is a great way to make money passively, assuming that you wholesaler is both skilled and honest. 

.$40.000 - Purchase price$1.400 - Purchase closing costs$10.000 - Repair costs$2.000 - Holding costs$3.900 - Commissions$975 - Sale closing costs$58.275 - Total Costs$65.000 - Sale Price (I split the difference in your range)$6.725 - Profit before personal taxes $53.400 - Total cash invested (Total costs - commissions - sale closing costs)12.59% - ROI (again assuming no financing)The ROI is not horrible but one thing goes wrong or if you are off on your sales number by just 5% and you lose ALL your profit and take a loss on this as a flip.The property you are mentioning should be a rental based on the limited numbers you provided.

So far I was thinking: CityProperty type: DuplexExclude corporate and trust ownedAbsentee owners in and out of stateI wasn't sure about LTV or Equity % was hoping someone on here would have some advice as to the accuracy of those and if they would be applicable in my situation to use.

Semi flip-in: The VA loan limits me from buying a true fixer-upper, but it seems that as a single guy I might be able to find an older house that will pass VA inspection but is unpopular with families because of an outdated interior.

@ElvisPayano:You should be okay on LT lease in most areas, just be sure to carefully check the H O A restrictions if applicable.

Indeed, for him and his limited experience, rents always go up may seem factually correct.

There maybe other options that can be worked out that may compensate for that $80 but I can't judge it from this far or by the limited number of details provided.

Definitely get pre approved before you start looking to buy as you will know what your limitations are, and definitely make a budget based on all your income and expenses now and what they would look like with a mortgage, water bill, utilities to see what works best for you. 

Always call references to confirm rental application details.