In fact, we were told by several lenders that you could not use the VA loan to buy multifamily properties which is incorrect. 

You were right to back out, incorrect information, aka LIES, is reason enough to back out of any deal.  

Just one of the interesting quirks of this market to consider I guess.

My assumption is that this is listed as a 1 bedroom incorrectly and is or could be a 2 bedroom home.

Has my name spelled incorrectly (Daniel Sherry)  Please check it out.ThanksDannoci 

Is this incorrect?

When you look at our market the Northwest less than 10% of SFR's are rentals.. so you can't find an area that is all rentals they don't exist.I see the 50% number for Memphis thrown around a lot and it is often cited incorrectly.  

Incorrectly spelled his name on the last thread.

I may be incorrect on this, but that is how it was explained to me.

K M the agent who said you needed a license and FSBO 's are not legal is incorrect in CA its totally legal to sell your own properties.And of course nary a few Non agents use these forms or disclosures and they just sell their properties with a simple contract and open escrow and off you go.I have been funding a bunch of Homepath and Fannie stuff the last 60 days and these companies have lead base paint disclosures and other statutory disclosure requirements.And not providing Sellers disclosures have different penalties in different states.