I think you would have a very difficult time purchasing and VA financing two multi families within the same year, especially if they are in the same general area.  

Can anyone can offer advice on how to navigate this difficult scenario so we can have a plan in place.

. :)But seriously, my opinion is that investing $165K in a property that is only going to generate $16,800 in revenue before expenses is probably not the greatest investment.That is not something I would recommend to my investor clients.

@Angela Soffe - I'd reach out to @Natalie Kolodij to see if she has any openings for new clients.  

I have made things "work" for a while now, continuing to learn as I go, but I keep running into property management that gives me bits and pieces of info and insists that my units are "difficult" to keep renters in.

Other clients I've mentored have wanted higher returns, so I helped them purchase properties in other parts of Phoenix.

A LLC will not provide any better protection at your point in investing and will only increase your operating costs and make it more difficult to get financing going forward.Insurance is the real protection, LLC is more for psychological protection.

Cross posting fragments any ensuing dialogue and makes topics more difficult to search in the archives.

But, please don't dive into one of the most intensive "feet on the ground" parts of real estate investing -- in one of the most difficult markets in the country (if you can believe all the other writer-practitioners on comparative wholesale markets) -- if what you really want is passive investing.I wish you well, Jasmine! 

I just had a client of mine here in CT that I connected with through BP close on a HUD property yesterday using a hard money loan.