How long did it take you to get rental assistance funds from the state? 

In the US, for Conventional loans, we can sometimes get the borrower on a payment plan and treat the plan as debt for DTI as long as certain conditions are met.

I think VA is a better market in terms of price growth vs MD, and a lot of my investor clients agree.In terms of local networks for mentorship/networking/guidance, there are two I know of in NoVa that I have personally been to:NOVA REI Meetups - they meet at Tysons Mall once a month.Cash Flow Breakfast Clubs - there are a few locations including Arlington, Fairfax, Loudoun, etc.

Evan,Obviously depends on costs but this will be a rental that I plan on holding long term.

Purchase price: $199,000 Cash invested: $40,000 Long term rental What made you interested in investing in this type of deal?

A seller will favor an offer a lot more if it's a quick escrow with little to no contingencies versus a long escrow and multiple appraisal and loan contingencies.

Finalizing terms now and will begin inspection period soon.

as long as you don't need the income to qualify for the primary loan, you're fine. 

Ask them for a copy of their purchase agreement and have it reviewed by attorney to see if the terms are acceptable to you.5.

The specific location ( 4' * 6' long) is underneath a guest bedroom window in the front of the house.