With a 30-year amort and 10-year IO options - as well as ability to get rate down quite a bit if you have long-term horizon (5+ years so don't mind prepay) - the rates/terms and monthly payment will likely be very attractive.Others too have done the DSCR Portfolio Loan (Blanket Loan) refinance option too (refinanced the 10 properties that are under conventional into one blanket DSCR Loan and start the process back from 0 on conventional), however, given current rates, don't see it a lot currently since the refinance would typically mean racheting up interest on those

You are right I will keep calling and contacting more agents to find what options I have!

It was a boarding house back in the early days.I recommend keeping it, but it depends on the expenses.

Just open a separate bank account, give it a business name and keep track of all income and expenses.

My goal is to achieve enough cash flow to replace about 75% of my w2 salary (my wife will keep her job, and benefits).If this sounds like the world’s dumbest decision to anyone, I’m open to hearing some hard truth from people who have been doing this.

You want to keep it as you like the cash flow or see the market really performing well for the next 2-3 years. 

Just keep at it.

lolHere in Colorado, for most folks I know, just keep it in their name.

You already know how to manage and rent it, might as well keep it and enjoy the cash flow.

Hi Michael,The property will have to meet all of the VA's minimum property requirements, if you want a complete list, they are outlined in Chapter 12 of the VA lender's handbook: http://www.benefits.va.gov/warms/pam26_7.aspAlso keep in mind the appraiser has discretion to call out repairs outside of the MPRs if they feel there is an issue that keeps the home from being safe, sanitary and sound.