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!

Quote from @Harita Konjeti: Tenant has not paid entire rent for first month, do I have any other options other than charging late payment? 

The agent that I worked with for my SFR rentals at columbus, OH recently came up with some options on mobilehome/parks investments.

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".

I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.These markets are particularly appealing for novice investors, especially those from California, as they offer more affordable options compared to local alternatives.

And then it might have the option to extend it to a nice round 5 years if/when the current tenant extends. 

Quote from @Shawn Nofziger: I have quite a few options in my areas to bid on foreclosed properties. 

I've seen where people add so many loan extensions with optional payment.Say 1k gives you a 1 or 2 year extension and this can be done 4 or so times.This agreement could be changed so many ways to make it work.You could offer a higher interest rate after 7 years to extend to 15 years.

I'll reiterate that a tenant buyout is likely your best option.

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.