After assuming average repairs and maintenance, you’re AT BEST negative cash flow of $600 per month.

I wanted to use va again for 100% financing as capital for down payment is my only hurdle .

That way all you do is watch other people do the heavy lifting while you cash the big checks.

They have some low down payment 1-4 unit investor programs that can reduce the cash needed (equity line amount) to close.

Foreclosure usually happens because of death, illness, job loss or divorce and cripples the homeowner's ability to make mortgage payments.

Rates are similar, you can get interest only payments so your monthly payment is lower, and the loan doesn't go on your credit report so you can continue to invest in other properties without running into DTI issues.

The rents are good in this area, and it should cash flow well.

You can do a ‘cash out’ refinance on the rental home as a permanent fixed 20-25-30 year loan to pay off the Heloc on the primary and most likely the equity line on the primary permits a ‘re-draw’ to utilize again. 

Curious about the wisdom of messing up a good thing with a cash flowing property to potentially own/sell a multi million dollar property.obviously would like  a better understanding of the risks involved.Thank you 

@Andrew BrownI'm in the Reno Tahoe, Nevada market and we have tools that rate every property in our local market for cash flow potential.