Even if you can’t refinance out of your original VA loan for your next purchase you’ll still likely have leftover benefits to work with (look into second tier benefits) or you could use another low money down option (FHA, USDA, Chenoa, HomeReady).

You also have to be able to self market cold call, door knock and do whatever it takes to gain clients.

I’m looking to gain some knowledge on the area/market.

We just bought our first 7 unit and want to maximize the benefits. 

If I later decide to sell, I'd have to pay closing costs on my own (plus capital gains). 

I am looking for advice on purchasing a house in which my aunt has gained ownership most likely through quit claim deed from my grandparents 10 years ago.

I’ve not had a chance to research the percentage of households that were renting at the end of the recession as compared to before to see if there might be a potential benefit to having rental property in a period of time when people are not buying homes.Good luck with the first property!!

For me, a big part of REI is the lifestyle benefits, and I'll be able to live in a great area.

He instilled confidence in me and I figured it would be good to gain as much knowledge I can from him.

IRS requires you to track and report your properties separately so that gain/loss and locked/unlocked passive losses can be accurately captured.