Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@Mark Small, you’re on target that standard VA home loans are intended to put military members and veterans into move-in ready homes that don’t require significant repairs.There is a separate loan product called the VA Renovation loan, which essentially packages a home purchase loan and a home improvement loan into a single product.  

You can find 2-4 units all over Chicago so the best neighborhood for you will depend on a number of variables like @Mark Ainley mentioned.

Mark

What are so creative ways to use my SFR loan and still hit my budget mark?

So you get a wide variety of suggestions of which none are on the mark for what is actually happening or happened with the property.

So would I pay 6,000 down to the private lender at the beginning for down payment…Then rehab the place over 6 months then refi for an ARV of say $100,000 with a small local bank I have lined up. 0.70% on a cash out refi = $70,000 so at this point I could pay off the private lender for the 60k and have 10k left over at the 6 month mark?

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Or should I be more at the 100k mark?

Quote from @Anthony King: @Nick Belsky Hi Nick, can you clarify for me please?