I would love to brrrr it but i need some working capitol for more investing so i think a flip is the best idea especially considering the spread for the investment....I have hard money lending in place but will still need some money to get the ball rolling.I am willing to do it by myself but was hoping to joint venture with someone more experienced.

If you're genuinely not sure why you are buying this house instead of the other one, check with your non-REI spouse, I bet she or he has an opinion or two on the matter.

Bottom line here is we all want to make money or more money via knowledge sharing, partnering, joint ventures, lessons learned and grow from our bond of military brothers and sisters to eventually business savvy entrepreneurs.

My instinct suggests you should NOT agree to the extra 1/4 percent, unless you're GENUINELY looking to move soon anyway!

If you're using the VA loan system to property-hop after each minimum time requirement, you should already be aware of how hard it is to "house hack" for FREE, given the difficulty of finding genuine bargains that also meet the VA's liveable condition requirement.

its worth $120,000 to me as a floridian, so theres no way that i can tell you "yes this is a good deal" with a straight face. i dont like the fact that you have to pay for gas and water, but im sure theyre not a huge expense. the taxes seem high.if everything comparable around it is selling for $240,000+  (as in actually SOLD), then yeah its a good deal simply because of the fact that youre getting an undervalued property. other than that, im not liking the cash flowhow genuinely excited are you about this deal?

Please make sure that while getting rid of bad tenants and training the remaining tenants that you show as much respect and kindness as possible and do not come across as only a law enforcer but as respectful landlord as well as a landlord/owner who genuinely cares about his tenants and their stay there.Hope this is helpful!

I believe you'd need to be (genuinely) INTENDING to move in within 60 days of closing. ie.

The VA loan is an even better product than most people realize, but there are a LOT of stipulations and most loan officers (a) don't know about the even better benefits like: multiple VA loans, joint VA loans, VA loan assumptions (including the super-low interest rates), VA loan eligibility for surviving spouses, multi-family loans, the VA simultaneous purchase and renovation  loan , etc and (b) those troublesome stipulations that get buyers in trouble mid-way through the closing.  

After all the reviews I've looked at online and lunches I've attended, I can only learn so much from each (on top of the fact that I don't know which reviews are fallacious and which are genuine).