And, it's cost them more than book value!]

However, from an asset management perspective, it seems like it is not wise to pull out all of the equity because you'll be over-leveraged with tons of debt on the books.

Listen to 200 podcasts and read several books before continuing.Then find a good deal and pitch it to people.

Wasnt sure if asking for monthly income and expenses is standard but will give it a shot.Thanks,

I just recently picked up Brandon Turners book on Rental Property Investing and have been listening to the BiggerPockets pod cast daily.

From my walkthrough, I knew right away the big ticket items we needed were a new roof, new plumbing, new upgraded electrical, new garage doors, and new AC unit; along with the standard refinish of the interior. 

Just something to keep in mind.Another option, you can use FHA instead of VA as long as you meet the criteria: (7) Military Personnel Eligibility (a) Standard Borrowers who are military personnel, who cannot physically reside in a Property because they are on Active Duty, are still considered owner occupants and are eligible for maximum financing if a Family Member of the Borrower will occupy the subject Property as their Principal Residence, or the Borrower intends to occupy the subject Property upon discharge from military service.

When I first started out I also liked to read finance books.

Can anyone recommend me some great Beginners books on investing in multi family dwellings and house flips.

For a number of years we felt we weren’t in a position to invest in real estate and we always had good reasons/excuses, but after listening to and reading so many stories I can see that we really should have started earlier.I’ve been consuming as much material as possible the past several months from books, podcasts and blogs.