I may be able to secure zero down financing again with the VA Home Loan program, but want to gather all the information I can. 

Rodrigues right away to figure out what you can qualify for and if you qualify for any special programs to reduce your downpayment or closing costs even further!

On the one hand your money (for the most part) is guaranteed as long as your tenants stick to the rules their program.

Programs- decide what type of market you are after and see if there are any specific housing programs to support this finance.F. 

Hello, I was wondering if anyone has had experience using the Section 8 program for the Richmond, VA area?

Does anyone have a recommendation for free software or programs that can be used to run the numbers not only on the purchase side but also to project the numbers when I sell it?

This info will give you a decent idea of what to expect and help filter down your search to a few cities.Some of the metrics that the survey provides and that I find valuable to understand are:- Population - Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages These are just some of the indicators that will help you understand the quality of an area as well as the kinds of returns one is to except.Also take into consideration the direction in which each of these market indicators are trending.

My name is Tony, and I work with the Biggerpockets Featured Agent Program!

Due to the fact that I own a house I wouldn't be able to qualify for an FHA but a few months back our office in house loan officer informed me that there is a Fannie Mae program that allows buyers who own 1 other property to purchase a multi family house with 5% down as long as it is owner occupied.

The property is a 4 unit two-story building, new roof in 2021 2 new water heaters and HVAC units replaced in 2019 three of the four units are rented by veterans leasing under the section 8 program, one unit is left vacant for showings but has people waiting to rent said unit for 1050 a month it does have a HOA monthly fees calculate to 1000 dollars annually.