What exactly is the benefit for someone in my position?

A few things to consider:Will adding a fourth unit negatively impact the parking, or other property aspects for the existing three tenants?

But I think that, Clearly, the best position a Private Lender can be in is a low LTV, 1st lien, they are very well protected, and this type of deal does not require you to borrow more than 15-30% of the ARV in most cases.

I think Michael Quarles was in your position and did really well in his first year cold calling 8 hours a day.

Lots of people were going for the schtick but thankfully I didn't Does anyone have anything positive to say about a guru sales pitch or are they all basically the same?

I'm almost positive you can rent out the VA home later if you decide to move.

. , I am glad you have reconsidered your position on this.

@Mike Todd I know this post is old but I'm in the same position as you were 3 years ago.  

For example (and these will vary, but the overall average will be about 50%), 10% vacancy, 10% property management, 10% taxes and insurance, 10% maintenance, 5% advertising, 5% misc.So, if you want to have positive cash-flow, your mortgage payment needs to be no more than 50% of your market rent (or your market rent needs to be twice your mortgage payment).

Wayne, Patrick is correct as a licensee is held to a higher standard of care in dealing with the public, they are seen (blindly in some cases LOL) as having greater knowledge and dealing from an advantageous position, it's viewed that way in all states but rules vary. :)