Another neat little piece of VA loans is that they can allow for higher DTI ratios than conforming/fha loans because they primarily rely on residual income and not directly on DTI (it's complicated, but this will do for now).

That's directly related to the interest rate. 

Additionally, as a co-owner, he would directly benefit from any appreciation, tax deductions, and profits from the property.On the downside, being on the loan could impact his credit score, especially if there are any missed payments or financial issues.

Hello Lisa, I'd recommend reaching out directly to the planning department.

I suggest running an analysis and just sharing it here on BP.I am also happy to hop on a call and point you in the right direction based on some of my experiences- no matter what, keep at it...this stuff takes time.If you get a deal here in Chicago and need to partner up, I am your guy!

DM me, and I’ll point you in the right direction!

Users may decide it's too much trouble and sleep directly on the couch leading to stains. 

So, the borrower would probably need to begin with the expenditure of a $10,000 retainer for counsel, followed by another $10,000 after initial depositions .

Big things is be realistic on timing and maybe provide a mover and or storage unit deposit as they may not be able to figure that part out on their own.

This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!