Potentially lower down needed of 15% with better rate and 6% cap in IPC’s

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

Mashvisor – Helps compare long-term vs. short-term rental potential, especially useful if you’re weighing both options. 4.

The other option is to find a partner with some experience and use that on the loan.

Quote from @William Weston: That would be an option but I have not seen multiple family homes that are big enough for a family of 5.

I may specialize in VA loans, but I also offer a range a conventional, FHA, USDA and commercial lending options. 

Most 1-4 unit real estate investors are using DSCR loans right now for any buy and holds while flippers lean on higher leverage bridge/fix and flip loan options with higher interest rates.

For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.

Then they lowered the price to $340,000, a step in the right direction, but not as big a step that I liked. 

These are all good options.