I will also be the one managing the property.Since I am occupying one side for a year, how would you all recommend we structure the first year of the deal in terms of how we both cover expenses/claim cashflow?

How should the structure look?

Literally a foreclosed nightmare: busted holes in the wall (even a section of a wall is missing), previous occupant took all the light fixtures and even a bathroom sink.

My girlfriend and i purchased a home last year with private financing through a family member on a 30 year loan at 3% interest for $43,500 and were able to get another loan of $25k to do a full remodel of the home and add a second bathroom to make it a 2-2.

So I wanted to run this idea by a few of my fellow investors and see how I can structure this new service!

So I wanted to run this idea by a few of my fellow investors and see how I can structure this new service!

If you structure your VA loan strategically you can avoid the bulk of these VAFF's (VA funding fee's).- no title seasoning on cash out refinances unlike FHA which has 12 months of title seasoning after purchase before you can use market value value or conventional which requires 6 months after acquisition (this applies to CO refinances where you used financing initially to purchase not DFE or delayed financing exception which is an all cash purchase and there is no lien/deed recorded on the property at the time of close), This becomes very handy for  creative RE entrepreneur once you learn how to force equity through adding value to properties you can use VA's no title seasoning advantage to increase the speed at which you move from deal to deal quicker than Conv/FHA- no self sufficiency rule when owner occupying 3-4 unit properties which FHA has (a rule that makes buying 3-4 unit FHA properties in high cost areas nearly impossible) so this a huge plus- use of rental income or other peoples income (OPI) to help you qualify on your 2-4 unit VA purchase (FHA and Conv does allow this too)There's a lot more you can do to optimize your mortgage planning from an investors perspective.With the introduction of the 2018 Tax Cuts, you can structure your taxes strategically to not only greatly reduce the tax impact but also remain bankable to most money sources.

And @Wayne Brooks, most condos cover damage and repairs to the walls and structure of the unit and that's it, as was the case here. 

., increasing sq footage, adding bathrooms.  

Hi everyone,So I am currently screening tenants for a 2 bed 1 bathroom, and I am having a little trouble finding qualified tenants.