The two options that he provided me with were either getting the business taxes amended to not declare a loss, or to utilize as bank statement loan that would require 20% down, which is unrealistic for both of us financially.

If I find a replacement tenant three weeks later, the first tenant is held responsible for rent, utilities, and other charges up to the day the new tenant takes over.

Once you have used your VA loan to house hack and still want to buy more rental properties, you could utilize a 10% down, no MI on a portfolio loan OOS in the mid to high 3s for a 1-4 unit property to get the ball rolling after your first house hack.

Commercial insurance will cost you more and my guess is that you are paying utilities. 

Is there anyone who has been heavily involved in this type of investing or has the strategic process in place to utilize this method of investing? 

I thought about an LLC but as these properties are my first time utilizing mortgages I felt the rates are just too good right now to not use personal loans.

I'm utilizing hotpads (via Zillow so I can run a background check).

I plan to utilize an FHA loan, the BRRR strategy, multi family properties to build my wealth. 

I thought it would be appropriate to post in the rehabbing thread as that has been my main specialty for all these years, although I have utilized many other investment strategies and will continue to do so.So with that, if you have any specific questions on rehabbing, sourcing deals, numbers on deals, how to get over a hump, or whatever rehabbing question, do ask, hopefully I can answer it for you here.Happy investing to all!

STRs come with added expenses that LTRs do not such as all of your utilities, platform fees, etc.