With that said, the brrr strategy may not offer much cashflow if you refi out at 75% of 360K, 270,000 mortgage would be covered by the 2100 rent but not by much.  

I remember hearing on one of the podcast about buying in cash then getting a mortgage within 2 weeks after close.

For an easy numbers example, if you put 4% vacancy costs (this is the number Turner used in the last webinar I attended) into your formula when running the numbers, and the monthly rent is $1,000 and the mortgage itself is $400.

Get a good mortgage broker and ask them to explain how they get deals closed. 

@Riley Blake  FHA does require upfront MIP (mortgage insurance premium) of 1.75%. 

Make sure you follow local codes as far as Resale CO.Have a good lawyerHe can say "as is" till he is blue in the face.If he is taking a mortgage the house will be inspected

I was curious if it was possible to hold a realtor license as well as a mortgage loan officer originator license in NJ.

A guy who lists himself as a private money lender on a different platform happened to reach out to connect with me, and on that platform, I do not speak about my real estate investing.But I thought it was very timely and wanted to have a conversation with him about what he does/requires, because I'm doing research on obtaining a commercial mortgage, or perhaps private money in lieu thereof.

SECOND, we have an amazing mortgage on this home.

Welcome to my series on purchasing a home and using your VA Benefits.I am George Freelove a Marine Veterans and real estate professional / consultant.I have over 40 years of experience in the home building, mortgage and real estate world.Purchasing a home is a very important decision and a big undertaking in any one’s life.Most people only choose to purchase a few homes over their life time.My goal is to make sure that you are well equipped and armed with up to date information for your big decision.Over the next few weeks we will discuss buying a home using your VA Benefits.The nitty gritty of the process, where to start, how to get a VA Loan finding the right mortgage lender, finding the right Realtor, finding the right home, what costs to expect, how does the process work, what can I expect from my Realtor, my Lender and the Seller.So let’s take this journey together!