(For reference, the seller wants out and we don’t know that they are ethical enough to keep longer term ties)

Depreciation can't be transferred to another partner, as it is tied to ownership.

That has always been the case and is not tied to the current interest rate environment.

They're more blue collar and are not always the most reliable if they're too tied up in other projects.

Seems pretty standard, VA isn't as tied to credit scores as conventional would be. 

Wait for a stronger financial picture and speak with lenders to get pre-approved for higher loan amounts or favorable interest rates.

Other wise land is tied up entitled then closed.. 95% of the time here in Oregon/washington..

Examples: Medical Professional Financing (stronger rates and limited down), low down payments of 3.5-10% on jumbo primary, second home or investment properties, 10% down for investment properties of 1-4 units (with no PMI) and portfolio or private loans with attractive ARM or seller carried rates we negotiated. 

As others have said, the lost of revenue is usually tied to the coverage. 

As for strong rental potential, the more desirable the neighborhood the stronger the rental demand will be.