However, I think the only 'handout' I think we need right now is the child tax credit which both parties claim to support.

We got a shaman to come in and it turned out there were 4 ghosts including the previous owner who had passed away there and the original owner of the house who had died there during child birth.

Overall they WERE problem free tenants until yesterday when we received a letter from an attorney stating one of the three brothers has been arrested for possession of child pornography. 

I'm sure a parent of such a child as I have mentioned above, would take great offense to your ignorance on the matter. 

It's worth noting that while the VA allows for a loan assumption, you'll need to qualify based on your single income (adjusted for any child support or new debts since the original purchase).

Since you are remote you will need systems in place to manage quality of work.You did mention you have busy day jobs and a child. 

We were expecting another child, had to get more space so we bought a house and rented out the other.

All transactions and contracts will go through this operating co.A Series LLC - which will hold all rental properties through each property land trust "child" which will be created (after Refi) , and the property will be transferred to the land trust for asset protection/anonymity.

What are the consequences of simplifying the entity formation further by creating the Management Co as a child series of the Investment Entity?

In my experience in the Poconos, 3-bedroom properties typically attract smaller groups—like couples with a kid or two, or two couples with maybe one child each.