The maximum amount of units a sole VA buyer/investor can obtain is 4 units, however if you have another VA borrower on the loan, you both can get an additional unit - totaling 5.I recommend you do a handful of things prior to even starting, because it appears you may be misinformed on how to use this financial product: - speak with a mortgage broker that specializes in VA loans to see what will make you eligible and what you are capable of purchasing.- speak with a mortgage broker that works with investors and has experience with active duty and veterans that use their VA loan to make purchases.- save your money until you are fully aware of how you plan on investing and that you understand how the VA loan works as well as how to invest in real estate.

The above $1m to $1.2m is hypothetical and I am capable of calculating the holding costs and the selling expenses.

FOr example, two major players in the HML space have shut their doors completely, gone out of business, because the secondary market is as thirsty as it once was for these loans or their warehouse lines of credit dry up.

@Suzanne Player - I'll second your video tip.

Once you have that criteria then you get 90% of the purchase price and of course always 100% of rehab costs.Now you get to be a player in that 300k - 400k real estate because you'll get 90% of the purchase and you've done a few flips and have some money. 

This would be just the lots I plan on renting out - I know the site needs electric, water and city sewage (don't want to do septic), but how do I go about getting approvals for this if I'm in Texas where there's no real zoning (but obviously MHP are hidden away so something is stopping them)What obstacles will I face turning an empty lot of land in the outskirts into something capable of hosting 24-30 lots? 

if little things come up you have over the air fix's that happen in your garage at night.. along with constantly adding new things and capability to the vehicle that is super cool. 

FHLB 5 or 10 year notes plus typical bank spread (1.75--2.50) would be a good proxy for cost of capital if you aren't an institutional player.

I was hoping I might pick some of the brains of those local investors/market players on the following to help in our decisions:1) Air Conditioning - my wife (Mayaguez-native) simply giggled when I asked about central air; that being said, I've noticed about 90% of listings either have fans/window units for air conditioning, with a select few having mini-splits installed.a) In your experience, have you found the lack of A/C (modular or otherwise) to be detrimental to getting a good short term rate, or something that would deter vacationers?

I'm finding they are overbilling on repairs , finding out of pocket expenses and contractors I know personally could achieve similar prices without the hassle or monthly premium. 2, What number of SFH are you (as an individual, without a company) capable of personally managing?