I'm assuming you'd want to use this benefit for a new construction to get exactly what you want built, since finding this type of property already built & ready for sale isn't ideal, not impossible, but not ideal.

I have been asked if it was a possibility several times and have never accepted however An argument can be made that there are some substantial benefits.

The rental property itself provides the tax benefits and not necessarily the entity structure.Depreciation should wipe out your cash-flow from being taxed, especially given the high prices of properties right now.You should have your tax returns reviewed if your properties are reporting positive taxable income.

The investor must consider whether the potential property value increase or other benefits outweigh this loss.

It really depends on how much % of your VA Home Benefit you used up (have left over).

I have always loved the idea of multi-family with your VA benefit. 

@Ryan Keenan You can only buy one property using your VA loan benefit.

If you sacrifice short term profitability on your PM company for the long term benefit of building the PM company that will manage your future portfolio it should pay off.

In any case, I don't think I'd want to let anyone else get my VA benefit.

Every veteran should know about these benefits.