I think you can definitely make a great team, especially since both of you have the potential to utilize your VA loans. 

MichaelAre you referring to all utilities on one meter?

The most common issue is a leak under the sink or dishwasher.   

It's quite common for lenders to use raw land as collateral for new construction loans, especially if the land is owned free and clear (which a lot is).

Some common items to note: roof, electrical and plumbing, window updates.

Also, I did travel nursing, and it is not common for travel nurses to get an immediate 12 month contract, usually 13 weeks at a time.

Typically DSCR is minimum 20-25% down, they will utilize a proportion of the current or proposed rental income to qualify.I'd have a second look at the income for full documentation qualification as well..there might be some other ways to qualify income..including asset depletion..

small dollar amount deals need higher fee's  this is quite common in low value real estate transactions. 

My realtor said it's common for listings to go $30-50k over list price, I got the property for $18k over asking.  

The option fee should be enough to create an incentive. 3% to 5% are common.2.)