Cutting to the meat of the situation, I came across a property that looked like a fixer upper, typical investment grade property.

VA loans are typically meant for individual borrowers, not businesses or entities.

Typically they want good credit score, landlord experience, and 20% down.You can get ones that will either use current rents OR market rents.

technically yes but I am not sure how realistic it is unless its a very large parcel. reason I say that is typically when you give up rights they will use them (for example oil well), which requires access etc.

I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k). 

When Im getting into mid October to mid November....I typically recommend to my clients to pull the property off the market, and relist around Feb 15th for townhomes and single families, nd possibly as early as Jan 15th for condos.

Other than that usage, there is little benefit to a typical investor having a RE license....

Since you're currently using the property as your primary residence, the cost of improvements made before it's placed into service as a rental wouldn’t typically be immediately deductible.

Neither outcome is good for you.I give some approximations of each expense category in The Hands-Off Investor, but the best way to nail down operating costs is to look at the property's historical performance.For example, Contract Services and Utilities. 

We use Furnished Finder to list our MTRs and typically attract traveling healthcare professionals as tenants.