I also recommend you read this article I wrote for Bigger Pockets titled How to Invest in Real Estate Before Turning 21.

Listening to the podcasts and reading various books/blogs/articles, I've noticed the phrase "meets our criteria" or some variation thereof used often.

That article was a huge eye opener for me, and I had no idea that it was even possible to get a VA loan for that amount with low money down. 

You article is pointing pitfalls to watch out for, right?

Big Law's $1,000-Plus an Hour Club Feburary 2011http://www.wsj.com/articles/SB10001424052748704071...

Hi Craig-Great approach - sounds like House Hacking 101 - checkout this awesome article:(3) Secrets Everyone Needs to Know about using a 203k Loan - Its Easy!

Currently anyone who meets the following requirements can be an accredited investor:(1) Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;(2) Any natural person whose individual net worth, or joint net worth with that person's spouse, exceeds $1,000,000.You can find the full definition, which includes requirements for entities and businesses, at https://brelion.com/blog/article/Definition_of_Acc...Hope this helps!

If you've seen any good article on this topic, please share it with me.Thanks

Thanks, interesting article.

Account ClosedIf you read the Economist article linked into the thread I referenced above you would see that the usual suspects are still at the top of the most expensive places to live (including a couple of cities in the U.S.A.)