It's beneficial for those who need a specific amount upfront and prefer the stability of fixed payments.HELOC (Home Equity Line of Credit): Offers a credit line you can draw from as needed, with a variable interest rate.

We're specifically interested in understanding:What key information or considerations should we be aware of before proceeding with an FHA purchase as co-borrowers with family members?

Consulting with a tax professional or a financial advisor is highly recommended to navigate the specifics of your situation, especially to optimize tax benefits and ensure compliance with current tax laws.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

You bought a house hack, so you have a lot more margin for error than someone who bought a traditional rental for their first one.

@Robert Ellis I don't see why it wouldn't they specifically mentioned that it would work for a refinance also, but I'll shoot you a PM with my contacts info if you'd like to reach out to him and confirm.

Actually, given the opportunity to generate rental income and the potential for risk reduction via diversification, modest multifamily residences could be a prudent investment.Kindly feel free to ask any specific questions or seek advice before starting your next real estate venture.

I feel like this is really specific and I apologize if it is too much so.

This is likely going to mean a distressed property meaning a larger rehab and potentially a forced appreciation of an additional bedroom adding an additional story, finishing the basement whatever that might be, but finding that potential is where your delta or margin is going to be between the cash invested and ARV is where the "low risk" is built in for my and my way of thinking.Additionally if you want low risk on the vacancy side of the equation leaning towards multiple units to spread that risk out is always a good play as well.I also think "variety of exit" or flexibility in an exit is another major component to "low risk".  

There's a few VA specific agents here that would be able to give you insight on their process and perhaps you can execute that plan when you land in WA this year.