Nothing seemed to be like the descriptions and pictures of the place that I had seen prior to actually visiting the property.From the pictures I had seen, there was some work that needed to be done sure, but it seems like they were strategically taken to make it seem like there was much less work to be done than the reality!

It will be difficult to use VA twice without a significant down payment on the second use it with out selling/refinancing your prior VA financed Home.In areas like pierce county WA you can obtain the average SFR for 150-200k which is only 30-40% of the county limit of 517,500 so that means you may have "enough," eligibility to for second use with little to no down payment and have two VA loans. 

speak to the attorney prior to closing and make the meeting with the seller and the buyer separate so they never see each other.

@Mike WallaceJust need to make sure you can find a sponsoring broker whose policies allow such an arrangement.

Hi,I'm fairly new to this and have decided to buy my 2nd rental property a Duplex for $70k in upstate SC.I am paying cash that i made on a prior flip, income is around $1150 per month, the property needs about $10-12k in repairs, taxes are around $2k per year, management fees @ 10%Its a brick duplex 3/1.5 on one side and 2/1 on the other in a class B area..Does this sound like a worthy deal??

If this is the case he can quit claim his interest in the property prior to sale.

You can tell the investor you have the first right of refusal, but actually, that died with the deed in lieu and your claim is against the prior owner if you paid anything for the right to purchase.

Will you have exceeded your $1M liability policy?

That is against our policy in the majority of our forums.  

Since I'm in Florida I found they don't write policies in some areas.