I am researching VA OTC loans in Southern California (Los Angeles County). 

If you get a loan it must be non-recourse and will require about 30-50% down.

Choose a Property Type and Stick With ItI learned the phrase “rinse and repeat” from the BiggerPockets guys—and it’s a game-changer.

I also can't financially float three or four $400-600K conventional loans. 

.: Anyone with experience (and/or referrals to lenders) with non-recourse loans?

Quote from @Cosmo DePinto: When applying for a DSCR loan, can you base the rent off a section 8 tenant?

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

Quote from @Derrick Roland II: "but based on my pre-approval"  This is the most important phrase of your post.Where did you get that pre-approval? 

I don't get the term "DSCR loan"   I mean all loans for 5+ units are based more on the property than the buyer.     

I would love to be able to bundle them into 1 loan, but have not found a lender who can loan on a single property under $100k, even when bundled with the other one.