If it doesn't work out, you can retain the option fee and hopefully will have more options to explore once the lease term is up.

Im trying to buy my second rental but given the current market I want to make sure Im not going to be over paying for a property since im using the BRRR method.

I live in the Comox Valley but have been investing in both Victoria and Comox Valley for the past 7 years, condo and multi-family, naturally fallen into the BRRRR and house hacking methods, looking forward to adding more to my portfolio in 2022.Just wanted to start a new forum for anyone who might have questions about real estate opportunities on the island!

Because some methods of payment cost; so making two separate rent payments could cost 2x the fees as it usually does.

Appraisers all have their own methods and you'll see differences in such measurements

It would be a great opportunity to explore, and I think you are fortunate to have a property suitable for that particular operator. 

I have also tried the enemy method but need a lot more practice at it.  

Is there any specific screening method for section 8 tenants?

The reason appreciation is not discussed as much as cash flow is becuase there is no set method/formula for calculating the value of your invesment five, ten, or twenty plus years down the road, this is due to the fact that the property is dependent on market conditions.

This scenario isn't what a VA loan is for, so you have to explore other options.Stephanie