I have a policy of not buying a property over 150.000 is I can help it.

It is, I truly believe, what could be referred to as a "no brainer", except for the obvious lack of $20m.

You sell the property for $Y.Your profit (assuming all closing costs are paid by the end-buyer) is $Y - $X and your % take-home would be (100% - ($X / $Y).Only you know what X and Y are...

The neat thing though is I used US dollars that were at an all time high against the Loony and then made money on the arbitrage as well as my HML rates.. so in the end very profitable deal.

And I am kind of moaning that missed a chance to say you hello when I was at that event, but good news is I can say you it right here, right now.

The problem is I have never done anything about it.

I am former military, I qualify for a VA backed loan, which from all my reading and research, would be my cheapest route in terms of purchasing a house, while allowing for the least Downpayment required ( 2.25% Funding Fee ).The thing is, I want to buy a property on the front end as an Investor " Investment Property ", instaed of an Owner Occupant, so that I can get in there and do a few upgrades, new flooring, new paint and get it on the market and rented as soon as possible.

Michael,Certainly looks like it will cash flow - just depends on what your "required" per month/per unit cash flow is. I

What I'm trying to figure out is, is there a way I can get financed through one of the 3 aforementioned loans, and still be able to do ( all ) the renovations myself.

Worst case senerio is i get a NO... on to the next one