ok cool it just switch from servicer to HUD a week ago they hadn't even listed it yet I found house driving for dollar and called owner.

I could HI Kevin,This transition that you're asking about above is extremely important to transition smoothly and plan for because it will ensure your subsequent VA use for additonal purchases.Once the current property is refinanced with a non VA loan this will free up your entitlement for additional use.The max conv limit in Ventura county Ca is 672,750 and the max loan limits for a high balance loan can go up to 95%.So what this means is theoretically you could refinance up to 672,750 loan amount with an appraisal as low as 708,158 dollars or higher before your loan is subject to jumbo/non conventional guidelines (much tougher to qualify for and has lower LTV's).The VA loan has some key features that other loans dont have:- a trade off of no monthly PMI but the upfront PMI is huge, equivalent to 2.15 - 3.30 Points (borderline hard money points).

I agreed, mistakenly thiking that we would be able to obtain a owner-occupied mortgage with the intention of moving in, meaning when the 6-month lease is up end of January.

Depending on how much cash is actually left, 10-20 cents on the dollar seems like a likely outcome.These weren’t just poor performing properties that investor’s money was put into, but much newer investors money went to earlier investors and is gone, like Madoff.

@Wayne Brooks, just for clarification, I need to obtain a Certificate of Insurance on an Accord form from their agent?

Your Checkbook 401k could invest and obtain a non-recourse loan to finance the investment - in which case you would have to avoid any "prohibited transactions."

My Average Baltimore City rental I'm all in for 85K with a voucher tenant, making 1400 a month, less than $1000 dollars property tax, good luck finding that in Phoenix.

The never think that they may still have several hundred dollars a month in negative cash flow.  

I am a new real estate investor working on obtaining my third multiunit.

I have off shore investors … the only issue I had was my bank wanted to check the patriot act box.when I was getting multi million dollar wires into my accounts.. they wanted to make sure it was clean money.to that end my investors came to the us and we had a meeting with my bankers.. going direct to your attorneys trust account could work.. but the funds I brought in went into my account.