If you used 1/3rd then you'll have 2/3rds of your entitlement left to use VA financing again (primary residences only) to buy your new home.If you buy in a county where 2/3rds (in this example) of the VA county limits is sufficient to buy your house with 0% down then that means you could technically buy another 0% down VA home.When the new loan you're seeking is higher than 2/3rds of the county limit is then you'd have to bring in 25% of the difference.Example:2/3rds of the county limit of lets say 450,000 for easy calculating is 300,000 and the home you want is 400,000 sales price or loan with 0% down.

@Zane McLaughlin my statement is based on first hand knowledge and years in the business I bought well over 150 props this way.and many of them came from beginning investors who did not have any money and got in over their ski tips here is how it happensthey get a bunch of these going they generally have limited equity and or cash flow is just a few hundred a month tenant leaves and or has to be evicted and rent stops but the payments continue.. house is trashed needs a 5k make ready.. the under capitalized investor does not have the money to fix the house and now does not have enough money to pay the mortgage and they default.Seller is beyond pissed because it puts a foreclosure on their FICO seller contacts lawyer and or AG in the state and makes complaint.. because this investor promised to make the payments and did not.this is why you need to have sufficient reserves to pull this off.. and that is generally at least 6 months of payments and 5k liquid for a bad tenant doing it with less you run the risk of the above scenario.anything is possible granted but you do have to look at the down side especially from the sellers perspective because if you default its not pretty... also what happens when the bank catch's this and calls the note due an payable  what do you do then when you have little to no money

Since the syndicator is confident in the deal (why else would he bring it to investors) he is confident that there will be a sufficient profit upon disposition of the asset.

I assume not many people are buying/selling houses with the holiday season upon us, so the banks will have sufficient time to talk to me. :)

Kenneth Hynes , a year should be sufficient.

She states she has sufficient savings to allow for rent.

I never accept a tenant on short notice as most are either being evicted, doing a midnight run or simply irresponsible individuals.I would tell them to come back after they have provided their landlord sufficient notice.You also must have their previous landlords contact information.

The only time deals like this are good (paying top of the market with owner financing) is if you can get in with little or no cash, get reasonable terms from the owner, and the property has sufficient cash flow to break even (including reserves for repairs, capex, and property management).

Obviously you're going to have a find a good enough deal that a hard money lender is going to want to partner on, but I think that will serve as a sufficient "guideline" for your first deal anyway. 

How much cash would be sufficient and how exactly is it more simple to complete the transaction with some cash upfront?