I can't see anything positive results of telling the bank anything, and who in the bank would you blow the whistle to; the clerk who takes your deposits everyday, the manager, would you call headquarters of the bank and find the president, the CEO????

However terms will not be the same for a personal loan vs a business/commercial loan, so what you want to do and what works financially don't always match up.

If the tenant buyer can't get qualified within 3 years, then get a new one with another non-refundable deposit. 

My attorney says they will keep the deposit if the deal falls apart ....  

I believe you need to put a large deposit on the house and then pay by the end of the day if it is a regular foreclosure auction on on the court house steps. 

I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security deposit in the case that the tenant breaks the lease.

The key to making the BRRR strategy work is finding a strong enough deal or a deal you can add enough value that it allows you to refinance at a high enough value to cash out your deposit to put into a new property.

(I would advise if the answer is yes to make sure no viscous breeds are allowed and also get an extra security deposit and possibly extra monthly rent.)Also, something that helped us that you might want to consider is for your credit check is that the score matters, but we look deeper than the score if there are things that come up (and in New Brit there are usually things that come up).If tenants are skipping out on "modern life essentials" like utility bills, cell phone bills, car payments that is a huge red flag.However, if it is a result of medical bills or student loans (or possibly a foreclosure during the crash) you may want to look past some of those.

Find out why seller is selling, ask for a rent roll, what repairs or updating of mechanicals and roof has been done, how long seller has owned the property, are there pets allowed, are taxes current, has there been any insurance claims where seller did not use money for the repairs, ask for sellers disclosure, are there separate water and electric meters, does rent include utilities or not, are there long term leases or month to month, does deposits transfer to new owner, if there is pets, is the deposit a fee or deposit.

That same deal FHA, by contrast, would be about $122k down.So to be clear, veterans are ALREADY getting a pretty freaking amazing/killer deal.Once you start mixing and matching VA/FHA in with refinances into conventional, veterans can ALREADY "owner occupy house nomad -> rental" pretty damn effectively.