Same idea, trying to push investors out, and to enable owner occupieds to compete. 

I went for a little free education but did not extract NOTHING useful from this. 

The way I was able to purchase my 2nd and 3rd property is extracting cash flow from the 1st and with additional savings I had from working my job at the time.

In theory I imagine that would enable the single policy to cover the others.But maybe it really is simpler than you think... isn't this the whole point of an umbrella policy, anyway?

I'll be putting 5% down so this would a) lower the funding fee if I went with VA and b) enable me to use FHA if the VA numbers don't make sense for whatever reason. 

Indeed, as the private economy inevitably suffers across the country and rental returns flatline, we look forward to offering strong returns to outside investors, in effect enabling us to suck up outside liquidity.

Seems you already expect that you will be taking a but of a financial hit so why not do the thing that enables your borrower to offer "cash for keys"?

Wise use of leverage enables you to do that much faster.

Doing this twice would enable me to rehab the entire building.  

I have bought an average of one house every 2 months for the last 14 months and have relied heavily on my day job to enable me to do that.