However, if you plan on using the equity through a cash out refinance to invest in something else, this is another story - you can use leverage do buy more properties and scale you portfolio.

We plan on using the VA loan and to buy down points, at least 1 percentage point worth.We’ve considered a house at a lower cost (250-350k), but they generally need some work (kitchen/bathroom renovations).

Once you have systems in place and have developed standard operating procedures and a plan for management you will be fine.

So that begs the question, do any of you have an exit plan?

I would personally have a backup plan in place if the notes are called or anything goes south with the Mortgage companies.Feel free to reach out if you want to talk.

Thanks for you quick reply. i rally appreciate it .I am planning to amend my 2022 return , and that's why asking this question .

Once you own here and a few years go buy, you'll feel incredibly blessed to have your own property both in terms of cash flow and appreciation.There is a saying of owning real estate here:  "It's the bay area retirement plan". 

Have a clear plan.

Enough for a downpayment on a small multi-unit.I think I understand I can roll this capital to a SDIRA, but for a buy and hold plan I won't get depreciation if property is held in SDIRA.

I will be setting my goals on Monday with my coach so I can come up with a plan and take another action step.