Renting to Section 8 Long-Term TenantPurchase Price = $237,000Renovation Cost =$8,950Appraised Value = $310,000Monthly Rental To Section 8 Tenant = $3,215Monthly Mortgage Payment = $1,890Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $1,125Another investment property was closed and added to my rental portfolio.

You cannot just raise rents 50% Not sure what your cash reserves are or if you are planning to 1031 or something along those lines but I would rather see you keep cash in your pocket and apply it to a rehab that involves addition or updating kitchen/bath so you can see sizable jump in ARV and rent increases.   

If you have plenty of reserves, why don't you calculate how much you have to put down to generate the cashflow you want?

Each lender can use their own methods of qualification on commercial properties, and most look mostly at the asset (with the exception of your FICO, experience level and reserves). 

especially since he's closing today on a fed reserve holiday...but hey, "the other guy's offering a better rate.."

Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.

Renting to Section 8 Long-Term TenantPurchase Price = $250,000Renovation Cost =$3,800Appraised Value = $270,000Monthly Rental To Section 8 Tenant = $2,800Monthly Mortgage Payment = $2,100Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $500Another investment property was closed and added to my rental portfolio.

I have reserves, but would prefer not to put all of that in right away and hold some money for unexpected expenses.For context, my current monthly housing expenses are ~1250$ including rent, utilities, internet etc in a decent area with a short daily commute.

For VA loans, here are some solid options:Veterans United (veteransunited.com)Navy Federal Credit Union (navyfederal.org)Caliber Home Loans (caliberhomeloans.com)USAA (usaa.com)Not sure if I can post a link here in the forum. 

Just be aware that there is an experience requirement for these, as well as reserves requirement (6 months PITI).