Appraisal: One at 320k and the other one 466k There are potentially 3 people involved in the deal:1- The person who found the deal2- My friend who will buy, sell and take a mortgage on the house3- Me who will put the down payment of 15% ($60,000) and the first six mortgage paymentsHere is the deal: The 2 apartments are coming from a foreclosure, being sold by the bank.

Currently overseas at the moment, but when I get back my goal is to get involved in REI meetups and such.

You could buy a multiple with your va loan, live in one and the others rent out so that you are living for free. 

This is getting ridiculous that everyone is being held hostage by these standards that don't take into account how it affects everyone involved.

First, if you let emotion get involved, you're in the wrong business. 

Your risk tolerance plays a role in whether you get involved with wraps or not....Good luck!

This will basically be a one man show (me) so no issues with partners or multiple shareholders etc.  

I was able to close very quickly using all cash and it also gave me an edge in a multiple offer situation.

I don't want to involve the parish continually as they tend to cause additional headaches.

I was involved with a transaction with a duplex on a lot that was zoned for single family.