3) How do you handle it when tenants' parents intend to pay the rent but won't occupy the premises?

TonyHi Tony, The majority of the down payment came from our HELOC from our primary house plus we saved all of the cash flow from #1 with our little savings and the remainder came from another loc.

If you've got the money for the down payment, then the difference in rates for investor vs. primary resident is a small cost of the overall investment, assuming you're not able to find something in your area. 

My primary target is construction that I can sell at an affordable rate in the future or something that I can rent out.  

You can insure entity owned (LLC / INC) properties on their personal lines so long as you are the managing member, it would need to be insured with the individual as the primary and the entity as an additional insured.

Where I think ( and its a little hard to track ) what the premise is that a cash out refi above basis is tax tree and you never pay tax on that gain of cash .. which is not true.. you don't pay at the time of the refi you pay when you sell.

For my wife and I, we don't have the income to qualify for this kind of mortgage (we have a mortgage on our primary residence now), and knowing how much we'd need to come up with for the initial investment and knowing it would take some time to get the occupancy up to where we want it, it seems risky to use hard money or some funding with a higher interest rate.I would like to make this happen at some point though because there seems to be high upside and this market doesn't seem to be going away anytime soon - at least not in this area.

Here are two of my favorite lease clauses that should help you. a.Landlord informs the Tenant that the sewer system of the Premises is not designed to accept many types of items, included but not limited to, paper diapers, sanitary napkins, tampons, and children’s toys, balls of hair, grease, oil, table scraps, clothing, rags, sand, dirt, rocks or newspaper.

I would say it is great to get the VA loan to buy your primary residence.

Was stationed in SoCal, Okinawa, and deployed to the Philippines.An odd combo of a gym rat and a bit of a nerd.Compete in amateur strongman competitions.As far as my goals go this is copied from my profile.Task 1: Debt freeCurrently, I'm on the cusp of accomplishing my first task on this road and for me that is 100% debt free.Task 2: 6 month emergency fundMy primary occupation ebbs and flows so an emergency fund is going to be key for my financial safety and health.Task 3: Save up roughly 30kUtilizing the VA for the purchase of my first property means I won’t need a down payment but having money to invest and fix up that first property will go a long way to speeding up my success.Task 4: Buy and renovate my first multifamily property (BRRRR)My first property is up and running and providing positive cash flow.Task 5: Expand to 3 properties within 5 years still utilizing BRRRRGet those properties up and running smoothly and make them highly desirable.