JustinPersonally I'd use it to buy off market using creative finance keeping a healthy amount in reserves.

Then you can be in it for the long haul when the area becomes more developed and the market starts to mature.

I'd suggest trying a few different lenders in your market to find one better equipped to support you purchasing with a VA loan.

Educate YourselfLearn the Basics: Understand real estate terminology, market cycles, financing options, and investment strategies.Read Books and Take Courses: Educate yourself through books, online courses, seminars, and workshops.

Hey @Martina Su, do a search as there are several threads with tons of info.The bottom line is that there are restrictions all over the place so you should get a good realtor locally who knows the areas and market to guide you.

Based on that you decide if you are going to use free marketing methods, or paid marketing

(And since we're tossing in wishes here, may Andrew's insurance remain untouched, etc.)

So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.  

Best wishes. 

Really important to do the market research, check for liens, and get eyes on it before waving that paddle at an auction.