Thanks Andrew, Originally posted by Account Closed:@ Peter Torres, that's one awesome position to be in, best of luck to you.

Originally posted by Account Closed:Originally posted by @Mike Reynolds:When Ike hit the Bolivar peninsula it was devasting.

This rent covered all expenses on the 15 year mortgage, insurance, and HOA fees with small profit that got eaten up on paper by LLC expenses, depreciation, PM and accounting fees, etc.  

I've had new VA clients this year miss out on properties in multiple offer situations by asking the seller to pay their closing costs (against my firm advice to the contrary) because of something they read online or someone told them about VA loans.

Agree w/ Account Closed, do a "Flat Fee MLS listing".

@Kevin PhuFor a house hack, it's recommended to keep a separate checking account for the rental portion because it will really help you come tax time. 

Account Closed, I was thinking of him building and selling.

Account Closed described, he was able to use a VA loan where he would be able to buy a property with $0 down payment and probably has a pretty awesome interest rate.

I actually just read an article to inform myself and it seems that banks use more than 1 method to determine the value of a property such as this one.1) They compare to other similar buildings2) They calculate how much it would cost to build an identical building3) They use the revenus and expenses (this method gives the lowest result)Perhaps my real estate agent was considering some of the other methods and took into account it's amazing location and the actual municipal valuation.

I just posted a question on how to get a license online and one site suggested to me was: Real Estate Express or check with your Real Estate Commission of Florida.