Here's a comment I left on that thread, that speaks to a strategy I found incredibly effective, from when I first got started: "I'll share my personal experience on this topic.

Hi All, We're considering our first private loan and have calculated our costs based on an initial conversation with the investor.

I am on one loan and title, he is on the other.

Anthony,I am in St.Pete as well and Congrats on the REI sucess! 

One fun fact to consider is that your first use of the VA loan does not come with the lending cap so if you did want to try and get a 4 unit on that first purchase you may be able to shoot a bit higher if you can qualify for the loan, which in VB may be your only avenue to multifamily without going toward the Norfolk area.

But with every successful transaction, my confidence got a boost, and I got more comfortable taking on bigger projects.

If so, what were your initial investment, return, and overall thoughts on the experience?

Purchase price: $55,000 Cash invested: $65,000 Sale price: $140,000 First complete renovation all but reframing--new electrical, HVAC, plumbing, complete bathroom and kitchen demo and remodel.

They do a thankless job for pennies and are expected to work 24/7/365.You should sell the property and move on to a property that makes investing sense.

@Mostafa Koperly Yes, banks will certainly lend on this.