I’m Chimere, I’m new here, and eager to start my sit down plan!

I also wrote a program to automatically populate the spreadsheet with MLS listings from my agent. 

I am planning to invest around $100,000 into my first Buy & Hold house within the next few weeks, ideally a 3-bedroom with at least 1,000 square feet.

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).

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

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

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

Am planning to acquire more in same neighborhood and just wanted to know if my experience was the exception or the rule, going by the list @Chris Dawson published.

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.