Can anyone share their experiences with the VA loan, positive or negative?

Without getting into the numbers, the deal would likely have a slightly negative or break even cashflow while renting.

I don't need that kind of negativity in my life and I want to teach them a lesson that I don't let threats intimidate me.

If these bottom end jobs go away temporarily (smaller businesses close or fail or do not reopen), a lot of people may abandon their Apartment situation  before their leases end (workouts for them or not).If Market Rents on Apartments goes down, SFH rents may follow and Section-8 lease renews may also go down.Vacancy rates on Apartments in the top 10 US real estate markets are going to be interesting after we come out of this.Class-C apartments will probably suffer the most through all of this, and if SFH rental prices cannot compete due lower rents to putting them into negative cash flow--we may see loan defaults on SFH Rentals in the top 10 markets.Hopefully it's smooth sailing, and not all 10 markets are equal. 

The current owners had an inspection done and showed many problems, including sub-grade shifting, cracked walls and ceilings, negative grading, and several other issues stemming from these. 

It probably isn't as bad as the media makes it out to be but it also isn't something to just brush under the rug with statistics.   

Sorry to be the negative news deliveryman 

At least with fixed debt on property, you scale up with the new economy.Just thought I'd pose this question amidst some of the negatives people are throwing around regarding buying real estate during this time, because I think it can be smart - if you do it the right way and find the right property - to buy real estate even now. 

So that alone literally killed any sort of cashflow this property would generate; infact it put it in the negative.

The real estate investors who have the vision right now and understand what is happening based on facts (instead of getting caught in negativity,) will be thriving even more than previously.