I am 25 years old and I live in Aiken, SC.

I'm not sure if you can refi a VA loan though if your not living in it because you would have to sign the VA document again that states you intended to make this your primary residence, which is not true since you have renters in it.

I live in this zip code and I feel that there are a lot of elderly people living in this neighborhood which means there will be a high turnover over the next 5-10 years.

I am also very interested in understanding if the above can be done in states where I do not reside because the economics in the state that I do live in (NJ) are not good in accomplishing the above objective.

If you're going to need to live off your investments, then keeping them in an IRA is the wrong way to do it.

You live in one unit and let your tenants pay the mortgage and other property expenses.

For example, I live in Pennsylvania and a residential property is 4 units or less.

You should check your local regulations to make sure you can have that many unrelated people living in one dwelling.

@Kevin Manz, I lived in the unit and I didn't think anything of the noise until I went to a another property and couldn't hear the upstairs tenant at all.   

She's a doctor of anudiology and I'm an engineer and both went to school full time and lived off the loans.