The cost of obtaining non recourse debt is also way higher as are the hurdles.

HI Orlando,Congrats on your first steps to obtaining a first live in rental/house hacking property.I would recommend a fourplex from an income perspective however, your own preferences will dictate if you'll be comfortable living in a fourplex versus a 2 or 3 unit instead.From the financial perspective the fourplex will be the best option to cover and may even provide net positive cash flow after all expenses are paid (mtg payment, tax, insurance, utilities, repairs, etc).From a VA perspective to qualify you'll need:90 days of continuous service for an active veteran during wartime 181 days of continuous service for an active veteran for peacetime periodsnational guard and coast guard or reservists need 6 years of service to become VA financing eligible.What I see is that is that often times proving primary occupancy may be difficult for an active veteran especially if you are not currently living in the vicinity of the property you're looking to purchase.

Can the concessions you obtained for the VA loan be obtained for FHA and Traditional loans?

Hi Elaine,How wonderful that you are interested in obtaining your license, as it's such a rewarding and stimulating profession.

Trust is key, demonstrate knowledge and good will, show the money that goes into the place, and this is how it is done to obtain legal authorization to get the work accomplished without the owner putting up money for the repairs.

Where do I obtain legal contracts?

If you sell a property and still have outstanding debt, the UDFI bite there can be a bit more, but you should still come out very much ahead through the use of leverage and obtain a higher cash-on-cash return than with an all-cash transaction.

I want to obtain conventional financing. 

Where can I find Probate Real Estate (Contracts) templates to get letters out to Lawyers and Executor, once I obtain a list?  

This is a perfect opportunity to "obtain" our first investment property and as such we intend to sell our current home with owner financing.