In the operating agreement it would stipulate the structure of the loan repayment and make the monthly payments.

Yes - except that is you have a full-time W2 job, you cannot qualify as a "real estate professional."

One of them sent theirs with the following info:Under Description of Operations/Locations/Vehicles:Blanket Additional Insured/Blanket Waiver of Subrogation/Blanket Primary and Noncontributory/Blanket Per Project Aggregate.What does the above mean?

If you know and trust the person, then go with them, but let them do the job and step back.  

Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit). 

It's definitely possible but the bank would probably also provide some pushback as they want to see the operator with skin in the game.

@Orane JacobsWhen thinking about venturing into a new market for house hacking using a VA Loan, it's important to look at various factors like the cost of housing, how much demand there is for rentals, the job market, economic conditions, how fast the population is growing, what amenities are available, and the resources for managing properties.

I have no intentions of quitting my job or shutting down my business, but want to  buy and use properties to help grow my equity and help me develop a 20+ property portfolio, creating a nest egg for 15+ years down the road, when I retire. 

Expand your knowledge and connections in the real estate industry by attending networking events and building professional relationships.Make sure your short-term plans match up with your long-term objectives and consider looking at different markets with positive economic indicators, job growth, population growth, affordability, and rental demand.

It's about much more than fixing leaky faucets; it's about enhancing tenant satisfaction, optimizing operational efficiency, and ultimately, increasing property value.