These can affect your financing options. 

After about a year, cashout refi for a 30 yr mortgage and repeat.

Not sure how the sellers basis would be affected if they were to pass away over time - meaning if it would be stepped up for the heirs on the unpaid balance or not? 

Large portions (if not most) of Austin are not landlord friendly due to the economics that are affecting his houses.

The 77-year-old seller was also delighted, and when we closed in late May of last year he thanked us repeatedly as he drove away to Florida to be closer to his extended family.The summer was spent managing subcontractors and doing many small projects.

Rick Rucker and othersCan you explain how loss(negative) affect rental schedule E.

I don't want a loan on my credit report because I know that can affect my debt to income ratio when I go to qualify for the VA loan but on the other hand I don't know how much money I'll need to close the deal and I want to have a safety net.

Just wondering if anybody had some inputs on this strategy especially pertaining to the legalities of it and if it would affect the likelihood of securing an FHA loan.

Then just repeat 10x and you will be rolling!

Just wondering if anybody had some inputs on this strategy especially pertaining to the legalities of it and if it would affect the likelihood of securing an FHA loan.