I would not put 1% (or any other amount) upfront deposit, ever, under any circumstances, with anyone (attorney, title/escrow, etc.) to secure a loan form any lender, private or otherwise. 

I think our model will follow IRS requirements, but our plan is to engage a tax professional to see if there is a 'safe harbor' ruling that we can reference in our circumstances.

Anyway...Depending on the circumstance the borrower may technically be able to have (2) or in theory more, "VA loans" out at once. 

Tourists comes into the neighborhood, spending more money in the neighborhood, driving the need for more upscale amenities, driving up the desirability and ultimately, driving up Apartment Rental prices.The Rent Protected Renter who had lived in the neighborhood whose personal economics had not kept pace with the skyrocketing upward swing of the Economics of the neighborhood..... well, he's out in the cold, only thankful that his shelter is protected, but angry at the issues that left him in such a circumstance.It's a movement that I don't think anyone in the circumstances of the Rent Protected Renter can easily fix.

Paul Vang Unless you can prove "extenuating circumstances" that led to the foreclosure and have a clean credit profile since then.

The potential benefits of having a Cost Segregation report varies based on circumstances.

However saying that bubbles or crashes don't exist is ignoring forced circumstances that wouldn't normally occur in the cycle....such as aggressive sub-prime lending......I think saying those words are for people who are clueless is a little bit of an arrogant assertion to make on a forum filled with MANY successful real estate professionals. 

As this will be my first property, I want to make sure that I am setting myself up well as there may be unforeseen costs that I wouldn't have otherwise budgeted for. 

(There are also other circumstances in which your spouse has rights to non-residence property, but no time to go into them now.) 

Individual circumstances may be unique, the rules may vary from State to State, and anyone considering these matters should contact their own professional advisors, elder law attorney, and accountants before undertaking a similar transaction.