May be there is some business reason for someone to show losses against huge gains they are making elsewhere or they might want to eventually redevelop such lots into larger properties or entirely tear it down built 3-4 town homes and sell them at 1m+ a piece?

We plan to do entities eventually, but once we have a few more properties.  

Eventually transition out of my full-time job6.

Recently I read an article on bigger pockets, about a truck driver using a hard money lender to buy multi family units eventually quitting his job etc etc, how does this process work?

I realize that I could also eventually do a credit check to make a more informed decision, but I am not yet the current landlord and time is very much of the essence in my situation.

Most folks think they can, and eventually get burnt out about 20-40hrs in.

My wife and I bought our first home in 2011 knowing that we would eventually turn that into a rental property and then bought our first rental in 2014.  

My wife and I bought our first home in 2011 knowing that we would eventually turn that into a rental property and then bought our first rental in 2014.

I'm a first time investor looking to purchase a small multifamily unit and eventually purchase more.

If you want to eventually refinance the new VA multi family purchase into an FHA loan you should try and do a conventional refinance on your current residence.