Then determine your burn rate, days between call to cash, take down ability and average profit per opportunity. 

Doesn't affect us, but it would affect anyone with a hot tub because it would really hinder your ability to refill it.

I then plan to do this again or maybe 2 more times depending on the ability to stay under the VA entitlement cap. 

I am inclined to believe this is the chief complaint and they either have another option or underestimated their ability to adjust to a rental. 

You can't raise the rents in a fixed term lease but if it's month to month you may have the ability to make a change with notice (30 days is fair in my market).

Maybe in the future they will add the ability to create a balance sheet which could be beneficial. 

My purpose behind my decision to pursue REI is to gain financial freedom for wife and I, my future family as well as have the ability to make sure my parents are well taken care of once they reach the retirement age.If I had to label myself I’d want to be known as an open minded rental investor for all long term, mid term and short term investing, with the occasional flip for quicker capitol to put back into another rental.

It is solid to look at deals that are off-market and know that the ability to buy it at a price and either hold it or sell it will be coming with less competition on the purchase and more upside.  

Not good I think its a good tool for fix and flip and short term holds but not for long term holds if you have not ability to refi or enough equity to sell quickly even if you do and the sellers loan gets called they are still going to get their credit trashed. . 

I appreciate the ability to teach out to you with questions!