HI Latonya,Depending on the county in which you used your VA financing entitlement in prior, getting your 2nd VA property might be tougher because your prior entitlement might be tied up partially already.

And if that entitlement is tied up with someone else that's sitting pretty at 2.25%, you must assume it'll never be refinanced or paid off, so that's it for your lifetime VA loan entitlement. 

Depending on your location, you may have a set number of days to do this, so the sooner the better.For the oil bill, is it tied to the house or the tenant? 

@Joel Oh IRC 469 and 1402 are not “tied at the hip”.

I would want a minimum of 8 months reserves and also mechanical reserves of at least $2,500/unit (this covers plumbing, electrical, and HVAC issues)QUESTION #15: HOW LONG WILL MY MONEY BE TIED UP?

(see photos)There is a floor drain on the other side of the 2x6 wall(about 10 feet). so i would just need to tie it into this I am budgeting 20K for a brand new plumbing system for the whole house already since there is not anything in the house currently.The basement floor is already ripped out and down to dirt.

You can add more veterans to add more units but they may not want to tie up their entitlement into this venture unless it brings in some major profits, or else they can go acquire their own owner occupied 4 unit & make their own profits.I'd love to brainstorm more about this idea with you if you're still pondering it yourself!

Considering the fact that you already have a lot of equity locked into MFH that's essentially sitting at ~5 caps, I would think about diversifying a little bit and try to pick up some decent quality C SF housing that is a gamble on appreciation but can have some stronger cash flow.

I've heard of properties being tied up in probate for over five years in my area. 

If you do this, you'd both be tied to the loan.