Thanks to the excellent VA loan you'll have the chance to put 0% down on either the construction/remodel or the move-in-ready home.If it is important for you all to renovate a home and make it just right for you, then waiting for the VA Renovation loans to becomes available again doesn't seem too risky to me (purely my opinion and based on speculation) since it is unlikely that the government is going to feel stable enough to deal with the economic fallout of raising interest rates in the next few years.However, if you all would be delighted by a move-in-ready home then that route will be simpler and more predictable. 

You'd have to speak with a lender to see whether a conventional or FHA loan is more economical as it mainly depends on your credit score. 

Probably you just need to wait until 2021, after the new economical forecast is projected and the Federal Reserve along with the congress agree on the second stimulus package and Biden gets in the white house. 

I am one of those who believe we will have an economic recession and with landlords getting squeezed, especially in CA, they may be looking to offload their properties in the near future.

I say look at the numbers, don't just look at returns too, take a look at the economic numbers and see where you think the growth will be. 

Other due diligence you should perform would be regarding the location, economics for the area, etc.In certain markets you may not be able to get 1% (NYC).

I get 1 lawsuit from Detroit landbank, and a lot of violenciens from the city, for ex i had a tenant growing mariuana plants in my basement, and a lot of other stuff.Now i finded a new PM that has everything under control, and its working fine.So a lot of headeache, but it was worth it, and i also bought 3 houses in Missouri and now the first in Chicago.I only read 1 book, and did not find out anything, just bougt and hoped for the best, which is kind of stupid and i payed the price, mentally and economic.

California has a housing crisis.

One way or another, they are building their net worth.My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

Hi Merri, I recommend choosing cities in safe and economically diversified areas with above-average income and population growth.