\we have an oprotunity there to purchase multi unitr there and want to advice with someone that well familier with this area

I recommend your purchase agreement include an opportunity to review any lease agreement, payment history, and application screening for current occupants.

I'd suggest trying a few different lenders in your market to find one better equipped to support you purchasing with a VA loan.

I am going to go a bit off topic here...I have been thinking about purchasing a rowing machine for a while now and this thread, and thinking about how much my physical activity has gone down in the last year (since I left the Air Force), is making me think about it even more.

The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.

Person purchased a neglected facility using hard money.

Maybe I’m reading this wrong but after reading several articles it’s my understanding that normally when a civilian assumes a VA mortgage the “VA entitlement” will remain with the seller meaning purchasing power in the future will be less since it’s still tied into the current loan and the 1 year occupancy is foregone since the seller has lived in it over a year. 

I hope to purchase my first investment property by the end of the year, initially in Northwest Indiana, likely Hobart.

There is a decent chance that my next purchase is a commercial MF (5+ units) in an expensive and appreciating market (I have a couple I am considering) in a class B or above area that is likely to have a small amount of projected cash flow.

I purchased the property with an FHA loan at 5.25% rate but plan to refinance once rates drop (if they ever drop lol).