Hello Everyone, I’m Lotus, an Real Estate Investor and program/project manager.

VA loans offer competitive interest rates and no PMI, making them ideal for house hacking and multifamily properties.

Many lenders, including my group, offer a DSCR product to refinance on the back end as well.Before taking out a loan for a BRRRR project be sure to calculate all carrying costs (taxes, insurance, utilities, HOA, loan interest, etc.) to ensure (i) you have sufficient cash to cover monthly payments for at least the duration of the project and (ii) your estimated rent after repairs is at least 1.10x PITI (monthly refinance loan payment principal and interest, taxes and insurance).We have a proprietary BRRRR cash flow calculator tool that we share with our clients to help reliably assess costs and returns for these types of projects.

Be sure to connect with local investors at real estate meet ups and let people know what your investing strategy is.

Here are my initial thoughts:-Making the offer contingent on seller showing me background check documents from their due diligence-Requesting for a walkthrough of the property after the offer is made, and reserving the right to pull the offer if the house is not maintained wellAre these ideas practical?

I can provide some real numbers for you, would love your opinion:purchase price: $1,000,000Loan Term: 20 yrsLoan Rate: 0%Rent: $36000 annual, no rent increases over time.Other factors: * Potential to agree for tenant to pay for any maintenance fixes < $10k, landlord to pay for any > $10k* Tenant intends to stay in the condo for 15 yrsLet me know what other info would be helpful.

Landlord has offered to help with getting a lease signed before close of escrow.

That is because at that point you are an owner, just like any other owner of real estate.3.

Best advice I can offer:  settle on ONE strategy, just one. 

RR has some very nice product .. however one just needs to look at any real estate venture with the same due diligence you would buying a home to live in.home inspection verify neighborhoods etc.My personal Experience with Zach the owner has proven over time he is very diligent in making sure his product and staff are on top of his clients investments.. that all said its still real estate so keep that in mind as well. but as for integrity Zach has it from my point of view.