We are just getting started in the world of real estate investing.

Start by talking to your bank to find out how the debt impacts your ability to borrow and what your options are.

I have more questions, but this is where I will start.

As a reminder, bonus depreciation started to phase out in 2023.

If you're interested in multi-family, I highly recommend starting out with multi-family with your first VA loan as it will be easier to get a single family residence after that.If you decide to pursue multi-family, you'll want to ensure that each unit is separately metered for utilities (water, gas, heat, electricity, etc.) as this is a requirement under VA financing.  

Sometimes its easier to knock down and start over. :)

If you play this out, the property value starts dwarfing the loan principal.What does that mean?

You can get all your permits in order before then so you’re ready to go, but you might have to wait a year to start the project depending on when those leases expire.

Charleston RE market definitely not an easy market to start with compared to other markets I've been analyzing deals on.

You say that you're just starting out so proceed cautiously with what you may be inclined to dismiss.