I do not want to sell because my profits after closing costs will be about $15K.

But to be successful and profitable, takes some distinct characteristics:1.

Also measure the profit per door and fix or sell the dogs.

There are a lot more details that go into two VA loans and the downside but transitioning into a conventional loan on the  investment refinance will save you a lot of frustartion down the road.  

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

Send me an email or a message here and I can offer some tips I use to maximize profits in FL.  

I'm just beginning to make the transition from Landlord to Note Holder. 

It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.Thanks for suggesting it!

In this case however, since I'm raising debt, my profit comes from the deals.

Wholesaling can be profitable but it sure has a steeper learning curve and requires a strong network of buyers which takes time to build.