I'm just curious how you and the property owners are protected insurance.

@Meng Long I would recommend buying a single family home that needs some cosmetic work to live in as your primary residence, using your VA loan. 

It’s appreciated in value considerably while I’ve owned it.I know there is the 250k exemption on profits from the sale of your primary residence but that has to have been your primary residence 2 of the last 5 years.

Chris -   some lenders  will not let a HELOC in 1st position.....so watch for this …...most lenders  will not do helocs on  investment  property only on primary residences  ( there may be some exceptions )   …..if these have 2 adjacent tax lots - you prob wont find a lender to lend one loan on both  properties  …..I would recommend  checking with the smaller banks and cedit unions in your area ( n Pierce / s King counties ) good luck

Investment Info:Single-family residence buy & hold investment in Atlanta.

And while I understand that a home inspector might not be a state or town code inspector they may be able to shed some light on safety concerns.I did run into this a little bit last year when buying my primary residence. 

I'm still new in the game, but became interested in REI when I purchased my primary residence back in 2011. 

Investment Info:Single-family residence buy & hold investment in Atlanta.

Investment Info:Single-family residence fix & flip investment in Washington.

I currently reside in the Los Angeles area, where the market is on fire right now, making it difficult to buy anything around here.