They are just going to use their 2nd VA loan to buy their next one while this one is tied up. 

Whether you’re staying for a month or a few, a condo rental allows you to live on your own terms.A furnished monthly rental in Waikiki offers the perfect combination of comfort, flexibility, and location.

SLS and Lakeview manage troubled loans. 

All of which nothing will help him because the loan is still in his name. 

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high. 

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

@Ashley Kehr I use a combination of Apartments.com for rent collection, RentSpree for tenant and background screening, and Stessa for accounting.

The equity in my primary and other properties, combined with my income, provides the flexibility to borrow as needed—and I only pay interest on what I actually use.

All units would be metered so data would be there to bill the tenants (so no ability to question the bill) but landlord would still pay the bill given we can not have 4 main master water meters (can only do 2 x1 master meter + x1 sub meter combinations). 

Even 600k loan at 10% interest costs $165 a day.