We reinvested a portion of the profit from live-in flip #1 into live-in flip #2 which we plan on listing in March 2016 after obtaining my real estate license.

I recently heard about NetROnline, is this a good/reliable source to obtain Pre-Foreclosure leads?  

Second, would having a couple of investment houses keep us from obtaining a FHA loan?

Just to be clear, a heloc is not booked as a purchase money loan, there is no equity without title, it is booked and called a purchase money loan when you obtain a loan to close on a purchase.

I recommend a roof consultant be involved with your asset to obtain a current condition report and they will usually work with any reputable contractor to be sure that the adjuster is giving you what you should be getting on the repair/replacement of your roof.

To obtain financing you have to have enough income to prove you can afford the mortgages.

When ready, I would use house hacking as your first method of obtaining your first rental.

I have obtained an absentee owners list for areas that I believe will have some good investment opportunities (Clairemont, Bay Ho, Bay Park, SDSU, Spring Valley, and La Mesa).

Originally posted by @David Dachtera:All I can do is what I do in every encounter: encourage you to get educated so you rely more on knowledge and intelligence than on defaulting to "conventional wisdom" and popular points of view.Now David, such a condescending retort was quite unnecessary, but I do hope you obtained some cathartic benefit from it.

Steven my current interest is to utilize a VA loan entitlement to obtain a Multi-family property.