In other words, I think you can make it work by strategizing your holdings.  

I'll double down on talking to a CPA because this is absolutely a situation where if you're strategic it'll make a world of difference. 

Could also hire a good STR company that can market the property better, price strategically, and offer better guest experience since the owner emotions are moved, which in turn ups the revenue. 

House hacking a multi family for that amount will be tough, but it's totally possible with a SFH or townhouse.There are some awesome strategic areas that will cash flow with a house hack + are nice appreciation plays.

Buying a home and renting out rooms, especially in a high-demand area like Virginia Beach/Chesapeake, can be a great strategic move.Your strategy has potential, especially given the housing costs near bases and the benefits of your VA loan.

As a few others have shared, having a strategic plan in place before visiting properties is crucial to your future success.

Maximizing profits when selling an investment property involves strategic planning and execution.

You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

Hello, BiggerPockets community,
I'm reaching out to gather your insights on the most prudent investment strategy given the current market conditions. With $20k in savings and an additional $4k monthly saving rate, I'...

There may be other options there.But, from a strategic angle, that is where a random guy on the internet jumps in and says "You might be able to buy the property from your mother on a Lease Option" that you make the payments and maintain the house with the option expiring on her passing date, converting back to her estate which you and any other heirs will inherit".