The VA and Fha loans have been able to do it but their strict appraisal guidelines make it tough to buy the often older homes in my market in Virginia Beach / Norfolk Area. 

I wouldn't bother investing outside of the big city centers, nor buying anything younger than 30 years old. 

I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

@Taylor DaschYou can buy the property in your own name if it's outside the so-called restricted zone.

Seller has 100% responsibility for revenue production, buyer has no controls of revenue production, it impedes the operations, etc etc.. 

Why do you want to buy 2 rentals a year?

And there is a lot of superior options out there in both product and methodology. 

We absolutely love it and are very interested in buying a multifamily investment property in the area specifically a duplex.

"Question: have you ever filled out a spreadsheet of cost and lifespan of each product of a property?

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.