Hello All,
i came across this college town property - it is a value add opportunity.
14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*
I made this be...

I have a property manager who helps with the booking and renter issues (if any), a cleaner who turns over the property.

Please work with an experienced lender to help you understand the right loan products.There is an operational cost to raising rents that does not seem factored into your process. 

The downside will be I will not be able to pull initial investment out for five years and my IRA deposit will not lower my AGI (if I am over income limits).Any additional input?

I'd be better off canceling the deal.I would pull back to see what happens.

Has anyone ever purchased a VA Foreclosure? Any tips or strategies that could be shared?

Most states would recognize this and help you out.

Some carriers have up and pulled out of certain states.

My wife and I had help from her father with a down payment on our first home (primary residence) 3 years ago.

Plus, houses near good schools tend to move faster on the market because demand is higher.Neighborhood Appeal: Good schools usually mean better neighborhoods, less crime, and more community involvement, all of which help raise the perceived value of the area.