I know some people disagree with me, but this is why I typically do not secure a new tenant or start showing a property until it is vacant.

Your numbers are above that; so, your audience will be the typical high net worth individual who invests in passive real estate. 

You're essentially a middle-man but you don't have to own the place out right. 

The state will typically issue you a new deed upon purchase.Finding the house of the little old lady who passed, who has distant relatives who don't want to deal with it is a goal we are all looking for but marketing for these are tough. 

I typically like the 2-10 plex MF.

Be aware that the interest rate on that LOC is variable (typically adjusting each quarter), so have a plan (back up funds) to pay it off quickly if the rates go up too high too fast for your business model.

I am considering buying a 3/2 SFR using a typical house hack approach with VA loan in Dallas.

We did about $8k of rehab.We put $52k related to the deal in a qualified intermediary for a 1031.We pulled the $52k out and bought anther investment home with cash for $72,500 last month.The HOA won't let us rent it, so we're looking at selling the home.We essentially entered into a contract to sell the home at $105k but with this deal, we'd have to owner finance it.Terms: Sells price $105kDown: $5kInterest 7%10 year termI'm trying to figure out the tax implications of this transaction.

Often enough, a borrower will file bankruptcy up to the day of a foreclosure sale we perform for lenders, and so we assist clients in representing them in federal bankruptcy court to lift the automatic stay - allowing us to continue with the foreclosure.For evictions, REIs will typically do it themselves or hire a service because it is cheaper. 

I commend you for thinking about  & planning to take control of your future.A Typical Mortgage Lender will need to see how you can pay back the Mortgage based on your current income.