You can also refinance your VA loan with another bank and replenish the 450k limit that you get (depending on your location the amount can go up).

I now am in the management consulting field and I am primarily working with banks on ensuring their compliance with lending regulations and internal controls.

I cane across a motivated seller and he was so concerned about selling me the property because he kept wondering what was in it for me since I'm not a realtor but he was kinda delusional because I explained to him what i did multiple times but these kinds of experiences and things that we're gonna have to deal with as wholesaler so you'll be find.

I heard that the bank can consider their rents as income when coming to terms.Is this a good idea?

Who out there has gone into a local Credit Union or small private bank and actually got a line of credit.  

So if you were to buy with a hard money or renovation loan, and you buy it right, you could buy and fix up a house with no money out of pocket with the right lender and as long as your purchase, reno costs and reno loan costs are under 70% of the value of the home, you could then refinance into a permanent loan and hold it.There are some smaller local banks that have a rehab to permanent where you can buy the house and renovated it with the construction loan and without "refinancing" the loan converts to a permanent loan after the renovation is complete.

Assuming you are not talking about an hoa foreclosure, in which all mtg.s and liens will remain......For bank foreclosure, property taxes and hoa debts will remain.  

Would bank still require me to provide the 25-30% on the transaction?

If you can, do most banks allow you to refinance straight away or is there typically a holding period?

@pj kokesh Sonora bank has the best portfolio program I have seen.