How your own financial situation may change over time (for better or worse).

It's open for interpretation, but if it went in front of a judge, they would look at the reasonableness of the situation. 

however, if you could find a loan product that worked for you and your situation, its a fantastic idea in my mind, and worth taking a swing for.

How would you handle the situation if you ever encountered one?

There are pros/cons to the bay area vs out of state and everyone's situation is different to reach their goals within their own timeline. 

These are jsut blanket averages though.Annual Revenue$61.3K+12%Occupancy Rate54%-1%Average Daily Rate$376.34+11%RevPAR$201.78+9%In this particular situation and the market, I'm going to guess that you are more intelligent as an LTR and trying to figure out how you bring in more income or lower expenses on that side.

When researching online, it looks there are some instances where non-vets can assume VA loans, but the veteran's entitlement would remain tied to the loan.How common is this and are there ever situations when this a win-win for both sides?

I believe you should be able to get one for 3.5% down.If I were in your situation, I would think about where I want to be living and where I want to be investing in real estate.

This is a very common situation with most investors trying to find a way to scale, and it is really nice that you are looking for solutions proactively.

While you should always consult a CPA and/or attorney for their professional advice, here's my 3 cents (I'm sure others will chime in as well):1) Having an LLC may make it "easier" to track but it's not needed in this situation as you can run this through your personal return just as well.