We financed this deal using a residential VA Loan.

Well it is doing loans for folks who bought sight unseen and trusted contractors/turnkey providers who sell the dream but in the end do the absolute min in rehab work (even though charge for a much better job) and/or sell a buyer on a class B type neighborhood that is  reality a class D neighborhood in an already low income town.

If you would like to hold the property for longer, that is fine as well, just note that your loan payment will be done after 20 years.

Placed another 8 unit portfolio under contract in early March, unfortunately contract expired on April 23rd, couldn't secure favorable loan terms that wouldn't allow portfolio to meet cash flow numbers because banks changed lending practices due to Coronavirus pandemic.

The most important thing is to ensure your loan is covered in the event of a loss.  

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

When I asked for a loan, they asked if my business received money in Euros. 

As they see their money is safe and you're succeeding with your plans, they'll usually ask to increase the amount of money they loan to you.

They have contacted me for a commercial loan.

They have contacted me for a commercial loan.