How is the current market in the Kansas City, MO? 

VA loans are not designed to build a rental portfolio.

It’s important as a limited partner to be sure that the sponsor/general partner is qualified and that the deal and market are a fit as well.

I do not want to put money into stock market right now.

This is where the market value of my portfolio gets added to the money in the bank accounts, then I subtract the debt on the properties.

If so, and if your HOA allows, you could market this as a mid-term furnished rental and charge a premium for rent.

Sure it has potential for cash flow, appreciation including forced appreciation, tax benefits, mortgage pay down but in most markets it is the leverage that accounts for the significant return.  

@Jesse Santos, if this rental is in NJ then the 1.5 months security is the MAXIMUM allowed by law.What is the typical security deposit for a rental of this type/quality in your market?

I personally am located and invest in the Colorado Springs metro area and would advise that you may not find many BRRRR opportunities on-market and will have to do some work to find these deals off-market. 

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