The problem comes in here. he is trying to get into another house in south florida using his VA loan so he can avoid  a down payment. the mortgage that we are going to be taking over is with a va loan. is he able to have 2 properties with a va loan and still avoid that down payment?

I recently purchased my first rental house in Woodstock, GA.

Maybe you can trade your land for a park.9/10 times the development of a park doesn't make sense.

Attempted to rehab house to turn into rental.

Scenario:I have about 8 months left and am looking to finance a duplex using my VA home loan, with the intent of house hacking it..

For a rental, I can see replacing or repairing a unit being deductible as expenses and property improvements.If I am going to be wealthy someday, I do not want to have to wait two weeks for someone to fix my AC when it goes out in my house, and I do not want this for my renters either.

Time is the greatest enemy of the house flipper.

Here is an example of that color on a house I have going on the market next week in New Orleans.

House prices keep rising and I'm getting very frustrated with not having enough to cover the dti ratio.

The idea would be to sell the lots to pay down on the short term mortgage until the house got fixed entirely.