I am not sure how the VA loan works with refinances (and I mainly do DSCR and hard money), but per my understanding, you should be able to do this through the VA to take advantage of the lower rates and higher leverage. 

I understand this is not an easy task as the price in those areas are increasing, but we're trying our best to keep the maximum budget at $500K for the primary residence.- We have started the pre-approval process with a lender and have a realtor we're working with to purchase the houseInvestment Strategy:- Aim to maximize cash flow while seeking appreciation.- Ideal cash flow target is $2K+ per month.- Planning to allocate the remaining $250K towards purchasing two properties in the Midwest market (e.g., Cleveland, Columbus, Indianapolis, Kansas City and open to exploring new areas where the entry point is affordable but the cash flow is stable).- Seeking properties that can generate $2K+ a month in combined rent after factoring in property management, insurance, and property tax expenses.Seeking Advice:- Would purchasing two houses in the Midwest to achieve $2K+ cash flow per month be a sound strategy, or do you recommend alternative approaches?

It's important to contact your lender directly to discuss this option and understand the terms, such as how the missed payments will be addressed once the forbearance period ends.

I would love to get a better understanding of this market!

Keep in mind this has been a "sexy" asset class and most people don't understand or even look at the numbers.  

@Noyessie Hubert this is a very standard structure for most investment property scenarios.  

That being said, certainly need to understand how to conduct DD on the syndicator and the deal.I have a list of things to review when investing in syndications I can send to you.

Lots of demand for multi-family in the Coachella Valley area from out-of-area investors, but they normally want places with market rents or aren't great at understanding what markets rents are.  

I totally understand that cash flow might now happen for a few years.  

Thanks everyone for the feedback - my understanding is renegotiating the price again after due diligence is considered re-trading and is frowned upon - at least in Multifamily which is why I was trying to avoid it, but for this deal I’m being forced to operate that way.