Contrast this with someone that has adequate umbrella policy.  

Coz Strongsville has good schools, but less employers. 

If we do everything correctly and we screen carefully (credit check, employment verification, etc.), what would be the worst-case scenario?

Read a few booksz like Brandon Turner's, and you will see how your VA loan and a few time tested strategies can be employed.

What are the major employers in Waco, besides Baylor?

Part of the reason I threw myself into work and used to work 60-80 hours per week until I was let go last year when a new Upper Management came on board and started replacing managers with personnel from his previous employer.

If you’re self employed (or can be) with no full time w-2 employees outside of you and a spouse you should consider the solo 401k instead if SDIRA.

If you have a 401k at your employer, maybe you can take a loan from there instead?

It's worth reaching out to Corporate Housing Groups (most HR Departments at large employers have this division as well as Relocation Companies that you can find via an internet search) to offer your property as a 30-day furnished rental.

Dark stain with contrasting white walls could look nice but so does the light bright and airy look.