I would add research your state's creditor protection laws and think about keeping an open ended line of credit if you need to deploy capital later

Your local credit union or bank should be able to help you with that 

If you're not careful, the administrative requirements can trip you up—but when done right, the savings can be well worth the effort.For those of us scaling our portfolios or actively managing real estate deals, the conversation about structure isn’t just theoretical—it directly impacts how we protect our wealth and position ourselves for long-term growth.What I’ve found is that many investors don’t realize how critical their personal credit is in setting up these entities successfully and accessing the funding they need to operate and grow.

Sounds like you're taking advantage of your favorable VA loan options smartly too.Good work - can't wait to hear about your next deal!

Credit scores are made up of many factors, one is the utilization of an account vs its credit limit.

Perhaps they offer a favorable refinance option if the property has appreciated to the point where the current loan amount satisfies their non physician loan LTV underwriting.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

1)Purchasing distressed property with seller financing with substitution of collateral clause.2) Wholesale property as-is, then move favorable seller financing to better quality property keeper at below market rate & favorable terms.

One option is to give the front house a credit for water based on averages, but I don't know if I would agree to that as a tenant. 

Can her status and credit be of help as well?