It would most likely be a 3.5% fully amortized second. 

Instead of rolling the cash flow to pay off the property sooner as in option one, you will save that cash flow to buy your second property, sooner than it would take you to pay off the loan and save for the second property in option one.

Second, buy a NICE property in a NICE area! 

Second, once you issue 1099 what do you care what he does, you've done your part.

The main one is the second Monday of the month and there are other sub meetups that I am working into my routine. 

Second, you must use all of the net proceeds (the net sale minus all mortgage relief) in the next purchase or purchases.You can purchase less than you sell and you can take cash out but the IRS views both as taking profit and you will be taxed on that amount while the rest of your profit is sheltered in the 1031.And don't forget you must use a qualified intermediary to process the 1031. 

I second @Maria McCreless because a lot of your success depends on your ability to respond quickly to enquiries.

The second option might not fly w/some tenants. 

If you haven’t used all your VA loan benefits you could potentially use your second tier benefits on a new home and leave the first loan in place.

Second , prepare to open your wallet , its spring and the home improvement market is hot , Everybody wants work done , and contractors are Busy in Maryland .