Secondly, the benefit of owning multiple MF units as opposed to one large one would enable you to compartmentalize your assets insulating them from each other.

Our goal is to generate supplemental income overtime but its also important to us that the property value appreciates over time too. 

As much as I'd like to begin supplementing my income, one or even two C class buildings wouldn't be able to do that for me. 

I'll be putting 5% down so this would a) lower the funding fee if I went with VA and b) enable me to use FHA if the VA numbers don't make sense for whatever reason. 

What did you have supplemental income when you started?

Short term: I'm trying to help my dad get enough supplemental income that he can quit his salaried job and focus full time on his farm land/hunting property business. 

Big is different for everyone of course, but for me I'm talking 1.5M-2M ARV, and I would use as much investor capital as possible for the purchase and rehab in exchange for a slice of equity to supplement their cash flow on the back end.

I have a few questions that I will send to you via private message, which will enable me to pinpoint which pro forma statements to send to you.If you will be financing your purchase, I also have excellent lender contacts for financing as second homes or investment properties (some projected rental income will be used toward qualification).Keith

Since the August Smart Lock is bluetooth enabled (there is no WiFi at the property, yet) the registered mobile number has to be within a certain range of the lock for it to unlock. 

VRBO, however, does allow supplemental rental agreements.