I made this forum for those who are willing to share their experiences and stories of when they first bought a piece of real estate and the journey that came with it.

I've also bought property with seller financed wraps and sold property with a wrap. 

I bought my first 3fam multi and have heard about tenant proofing before briefly.

I bought a SFH and regret it, I should of just bought a duplex/triplex.

I bought a townhome with a VA loan in August 2014 and our renters took over in June 2016.

I assume that you have owned your current duplex for some time, that it was a rental and it is currently under contract to be sold (as opposed to under contract to be purchased)No --- Duplex I am selling was purchased in September - I bought this duplex to complete a 1031 exchange on a duplex I had sold April 2017 and owned since 2006 with a sizeable (to me anyways) capital gain and depreciation recapture2.

She already brought $15,250 out of pocket when she bought the home so her total outlay on this property is going to be $100,000 or so.HOWEVER, there is another loan type - "portfolio" loans. 

Here are the numbers I've calculated  based on 80% refi of all 3 properties, at 30 years, at 5.25%:Item                              Current                 Post-RefiCash available         $        0                   $300,000 +/- Cash Flow/Year       $   65,000              $  52,000 +/- Re-invest $300k from Cash out as 20% DP on more properties (there's an even better way than this too)& using the same ratios of ARV to NCF, you could increase your NCF an added:  $78,000/year; to $ 130,000/yearYou are sitting on a Gold Mine here, and you're thinking like a "homeowner"...not an investor...although you're not alone.Your Options:  Limited by the maximum Cash Flow from existing properties after complete payoff Max CF/Year                                                                                    =  $   95kCost to do this (pay off all mortgages using your cash)          =  $  456kNet result                                                                                        = - $ 361K  (that's a loss)REFI ALL Option:  Limited by ???????                                                                                                             

I bought my first home using a VA loan as well and the process was super easy and straightforward.

I have around 100k in equity in my house now which was the first house I bought.