Funny thing happened around 2003-- by 2006 i was selling- real estate price appreciation was abnormal- Banks started lending money to anyone including non citizens no doc loans- Lower income people moved in my neighborhood in droves- the local mortgage office had a tinted black front window - i am seeing a new strange visitor-- the newly minted chinese millionaire that has illegally sent his money to the usa--- they are bidding with bags of money and overpaying for the real estate--- this is another disgrace of this country not following its own laws.- Pay particular attention to california and ny 

Was just approved for a traditional loan at 4.2% on a nice foreclosure.

I live in a traditional Chicago 3-flat.

From a traditional banks?

You will need cash to buy and fix, your chances of traditional financing are slim unless you take out a loan from Aus.Have you figured out how many rentals you need to be able to retire by 30? 

As for the VA loan, I will likely just use my wife's this time around or perhaps just go for a traditional loan. 

I was told that mine will no be a traditional closing and I'll just be scanning my license and signing a few documents for closing. 

When I had a ROBS account, I was purchasing all cash, not financing.You won't be allowed to secure the loan using your IRA or any assets within your IRA, so traditional financing is out. 

The site should have, among other things; information about the home, the neighborhood (schools, shopping, etc), interactive virtual tours (where you can actually navigate through the property similar to google street view, not just the traditional "virtual tours" which are essentially glorified slideshows with background music/narration), video of a drone aerial property survey, CMA data and pricing justification, links to any press on the property, and a way to easily/discreetly inquire about the property or schedule a private viewing.Something else that I find is almost always advantageous is using the avenues provided by the neighborhood you are in to help sell the home.  

Since the buyer is essentially giving $50K to the seller via traditional financing, do we prorate the $200K gain by recognizing 25% of the gain at the time of sale ($50K/$200K = 25%) which will be spread out over the life of the loan?