This works, the logic behind it is obviously escaping you, that happens, and the market works fine. 

Obviously you're doing something right! 

You cannot occupy two primary residences so therefore your wife's VA loan would obviously be for an investment property, and that is not allowed.FHA loan has the same stipulations as being used for a primary residence.

I am looking at a 12-unit apartment building but it is in total disrepair.

Obviously, investing in the coast of North Carolina is safer and will come back faster than the panhandle of Florida will!

hmm...shows well, but noticed some odd lines throughout that makes it obvious it was flipped.  

So, you'll want to understand your total costs each year to hold your license.

Just have him sign a month to month lease at closing, before the closing is finished obviously.

So how many total pads does it take to make it worth it?

For example, total VA loan price eligibility.