Hey Nicholas, what type of loan product are you requesting in this case?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Also seems like this lender is trying to swap the DSCR loan rate issue to the property tax & insurance issue to make their product look better.BTW: we're in the Midwest and believe it offers better opportunities than TX market, but one shouldn't have to stoop to this lender's tactics to show this:)

If your in a position to put 25% or more down on the purchase you can get very favorable terms on a investment product. 

Some other great resources I recommend as a real estate investor myself are: "Rich Dad Poor Dad" by Robert Kiyosaki, REtipster (www.retipster.com), and Rental Income Podcast with Dan Lane.

I take it there are no other VA products similar to the Vendee Loan for non-veterans looking to purchase VA Foreclosures?  

NOW YOU HAVE $162,500 AS YOUR MAO-  WHICH IS PERFECT BECAUSE THE LISTING PRICE IS $100,000-- THIS IS A POOR EXAMPLE HOWEVER IF YOU SEE THAT MUCH OF A DIFFERENCE BETWEEN YOUR MAO AND THE LISTING PRICE (WITH PRICE IN YOUR FAVOR) THEN THAT WOULD TELL ME THE SELLER IS MISINFORMED WITH WHAT IS GOING ON IN HIS OR HER MARKET, AND THAT THE REALTOR IS AS GREEN AS PEAS! 

Of course, if you refinance your first VA loan into another product, that would certainly clear up the issue. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I think it will answer a lot of your questions.https://store.biggerpockets.com/products/first-to-a-million