(don't ask me why the 60 day thing, He already had another property with FHA and needed to close one before the other, not exactly sure that just what I was told) So I simply responded yes anything is possible with good funds and a strict timeline.

Another factor (which I include in my summary tables below) is that I would eliminate my commute (20 miles each day, which I estimate comes to about $71.25 per month).I don't think selling would make sense at this point, since the 6% real estate fees would take away ALL of the equity I've built on the house.Now, if I look at it strictly from a financial perspective, it probably makes the most sense to stay in the house, but I find myself wanting to pull the trigger anyway.

I know several agents that buy and hold strictly for rental purposes while others are in the occasional flip business.

This property would not pay me any amount per door initially as I would be doing this strictly for the equity so that I could refi the property in a year and pull cash out to allow me to fund my next deal.

Although the county has a purchase amount + accrued taxes, was there room to make a lower offer that the county accepted or were they strict with the taxes owed purchase amount? 

Of course, this is a double edged sword in that the markets where there is a affordable rental supply shortage is where strict regulations will inevitably roll out first (LA for example has just shut it down).So, don't be afraid of regulation change (As many people are and won't touch STR for that reason), but be aware what's going on with them, buy smart and ride the STR wave while it's here, there's tons of money to be made!

My goal is to purchase a 2/3 flat property, strictly as an investment. 

The VA loan does have strict guidelines on what you can or can't buy as far as condition of a property, however, the little cash needed means you can buy a property whether SFH or small multifamily at each duty station, refinance to a traditional loan after forcing/gaining appreciation after so many years and continue to purchase property with no money down. 

Originally posted by @Skyy Dugger:@Phillip Dwyer I want to do a fha on multifamily 200-650kyou have to live in it for an FHA loan.. and unless Vegas has specific rules as an owner occ 1 to 4 units.. you don't have to adhere to as strict rules when choosing a tenant..

Folks are no longer allowed to pay extra security to overcome falling short on qualifications, and with longer eviction processes landlords are raising and/or becoming more strict on those qualifications.