The downside is potential turnover that is not as inherent with longterm. 

She also works at a funeral home so these type of deals fall in her lap all the time How did you finance this deal?

In her second post, Jen mentioned that simply keeping the two already occupied units would cover the mortgage.

Same for FHA That is why LLCs cannot be used to purchase properties using it, as that makes it inherently an investment property.

Throwing this in here in case ideas are still running.

The problem comes in here. he is trying to get into another house in south florida using his VA loan so he can avoid  a down payment. the mortgage that we are going to be taking over is with a va loan. is he able to have 2 properties with a va loan and still avoid that down payment?

I think the biggest obstacle is getting a lender that can work with you.

Both private and hard money loans have their place, and neither is inherently for "suckers."

Just wanted to jump in here since a lot has changed since 2018.

My female peers tell me that the biggest professional obstacle THEY face, believe it or not, is the wives.