So, I’m going to use the extra money from my loan to cover closing and repair costs (if necessary).

So, I’m going to use the extra money from my loan to cover closing and repair costs (if necessary).

Since I started using it my tenants are paying earlier and responding WAY more promptly to messages, which by itself makes the cost worth it.Though actually just a few days ago they put out an option to use Roof free by just tacking on a payment fee for your tenants to cover when they pay rent, so you basically have an option to pay yourself or charge your tenants a bit extra.Bonus:  The Roof mobile app is also among the best I've used.

I am a broker in the area and have agents that cover the state.

If not, I'll be the hero and increase the purchase price to cover their shortfall...

Should something happen to me, I want to make sure they are covered and can complete purchase.

Thanks for advice guys.I am totally safe on this, as the cash flow is far more than enough to cover the costs.

I also realize that we're technically talking about the funding of two different things (a multi use property and a retail small business), so even though we'd be 50/50 owners on both, I'm not sure the financing could cover both.Thoughts?

Andrew Dodds I think what you’re trying to get to is called “Second-Tier Entitlement” that allows you to have more than one VA loan as long as you have enough eligibility remaining to cover it.

That covers lost rent due to down time as I do repairs, paint, etc in between tenants.