You just have to make sure your tenants are okay living in a bit of mess occasionally, but I found a lot of didn't care if it meant a slight discount on rent.If you intend on using your VA loan to buy your first property then you may run into a bit of trouble with buying a home that needs serious work.

I meant to say title company. 

This is shocking because I always thought the brrrr technique meant I had to wait for seasoning before I could move on to the next deal but he's telling me I can move on to the next deal but can't pull the equity right a way.

@Wayne Brooks, I meant to say "lender's title insurance", rather than, seller's.  

I meant an additive to put in paint that helps attain a smoother finish. 

I understand the intrinsic value of the property is pretty much none and it'll have to be torn down at some point because it was originally meant to be SFR, atleast that's what i've heard thus far.So what's the approach then?

So these areas outside of where I live would give me a lot of leverage in terms of less borrowing needed.Yes Benjamin, n-plex was meant to mean some number of multiunit property.

And yes I meant coolers like buckets to collect the water. 

Accordingly, you would not need the S Corp election for those entities.

HI Kaitlyn,I was trying to wonder what you meant by only 7k equity as well since I think the prior response was also asking this same question.Did you mean after your anticipated rehab cost (330k loan + potential rehab cost for materials) that you have 7k left  based on the value you have estimated?