Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

We are a growing market with low unemployment but you will see a lot of the rental income going to covering expenses and setting aside reserves. 

Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.

And you can argue about the actual risk of holding 30 year fixed-rate mortgages - it's pretty low, especially when you have adequate cash reserves. 

To me it sounds like everyone is gone and boyfriend wants confirmation he isn't going to owe anything.

Neighbors confirmed the property was in fact vacant.

For too long, owning property—or even a share of it—has been reserved for those with significant money, time, or connections.

As others stated, if the existing structure is legal but non-confirming that should not be an issue.

Giving notice or confirming she has given you back possession would allow you to enter the property.

That simply confirmed “proof of concept”.