It consists of two buildings that each have 9 units in them.

Get an owner occupied loan and rent out extra space in the property. 

I know I have net negative cash flow but was looking at things like “someone is paying off the bulk of my mortgage.” payoff date wIth extra Is dec 1 2025.

I wouldn’t know of extra reg.s, just mtg contract terms.

Although there are a few extra components, seller financing to me feels more fulfilling.

You get it under contract for 50k but I owe 75k on the house, either you (wholesaler), me (the seller) or the end buyer have to pay that extra 25k off.

I would just accept the tax on SS as an extra cost of doing well in flipping and being productive instead of retired.The only way to do flipping without taxation is to do it inside your retirement accounts, as in self-directed IRA.

@Kevin McGevnaAs you consider investing with a VA loan, you want to be extra careful to make sure the numbers work. 

It is move in ready.We would like to purchase a property to live in and fix up while we rent our primary for 2 years then move back in as our primary (once our first child is school age).The advantages I see are essentially this sets up up to purchase at least 2 more properties (one with the extra income and one we would be living in)The dis-advantages I see are potential tax issues.What disadvantages, if any, do you see?

(we've been waiting for approval for 4 months) I could've come up with extra cash had I known, I'd need a minimum of 15%... which is really upsetting, however since being surprised by this, one of my family members volunteered to bridge the 5% gap in financing I'm missing.