No, I have multiple exit strategies in line for this property.Option 1:  Rehab and Flip for profit to go onto the next projectOption 2:  BRRRR Option 3:  Live in it during rehab and after rehab while renting out or selling my current home as the new one is an upgrade on land and neighborhood.So, I'm sorry to disappoint anyone that has tuned in for the first ever possible FLOP but, with a plan, it is near impossible.the Juicy Details:Single Family Home, Foreclosed occupied  . 

No - the deal was great when it started and had tons of potential, just so happens that investor kinda sucks at this game.  

I'm new to the game but regardless, I want to hit the ground running!

Being new to the game I remember signing one document and my attorney specifically going "so no AirBnb."

Unfortunately, there were multiple offers and I did not get the property.

The other areas are good except point breeze, you would be too late to the game to make any money down there, shells are selling for way too much to make a flip or a BRRR worth it.

The auction company will tell any interested parties that there is already an existing offer and encourage them to offer more.Who knows what this property will sell for once multiple buyers are involved. 

I would love to get into the rental game in my city, but don't have anywhere near the capital at the moment!

You could buy a multiple with your va loan, live in one and the others rent out so that you are living for free. 

Some precautions to consider:- Make sure the person who is the borrower of the underlying bank mortgage fully understands the implications  of a wrap, as well as the buyer- Consider a 5 or 10yr balloon note (vs. 30yr fixed) if you are worried that the seller may have 2nd thoughts down the road- Buyers should need to bring a significant down payment to the deal so that they have skin in the game- If your state allows a Deed of Trust for the wrap note, I suggest using that document (vs. a Mortgage) as it will put a lien on the house allow the Seller to pursue a non-judicial foreclosure if the buyer does not perform.- The home insurance after the sale (the new owner is the "insured") should retain the name of the previous owner(payor of the bank note) on the insurance as "additional insured" so as to not set off any alarms with the bank.- Use a 3rd party loan servicing company to collect all mortgage and escrow payments and make all appropriate payments to the bank lender as well as seller finance lender.