I never thought anything of it, but I was speaking to a licensed broker whom informed that "technically speaking", it was illegal for me to actually manage a property as well as pay commission to my agents on the landlord's behalf because I was not a licensed real estate agent nor were any of my agends.

@Tara Yoder did you already speak with a bank that said your "Debt to Income" ratio would be too high with a cash out loan? 

Speak with a local Commercial Broker and ask about the owner-occupied component of the SBA loan.

Matt,Speaking toward the insurance piece, your insurance premiums are going to depend on several different factors such fire protection class code, roof age, square footage, age of dwelling, etc.

He's been timely and professional every time we speak.

Generally speaking at 10% CCROI historically is considered very low for investors in those high cash flow areas.Right now you can't escape the relatively high priced real estate market by changing areas.

There is a military investing section on this forum that will give you a wealth of information on how you can take advantage of your current VA loan or more VA loans if you haven't maximized the entitlement yet.As a delivery driver, are you able to listen to podcasts?

The tenant would not be involved so-to-speak.

Ask to speak with some of their current owners and current/former tenants.

In exchange, he signs a new note and deed of trust with the exact same terms as what is remaining on the CD.Btw, speaking only Spanish in most of Texas is no disadvantage when it comes to buying real property as every title company has Spanish speaking personnel and every major real estate and mortgage broker does as well.