Be aware that the interest rate on that LOC is variable (typically adjusting each quarter), so have a plan (back up funds) to pay it off quickly if the rates go up too high too fast for your business model.

I am considering buying a 3/2 SFR using a typical house hack approach with VA loan in Dallas.

Often enough, a borrower will file bankruptcy up to the day of a foreclosure sale we perform for lenders, and so we assist clients in representing them in federal bankruptcy court to lift the automatic stay - allowing us to continue with the foreclosure.For evictions, REIs will typically do it themselves or hire a service because it is cheaper. 

I commend you for thinking about  & planning to take control of your future.A Typical Mortgage Lender will need to see how you can pay back the Mortgage based on your current income. 

Typically the midwest isn't know for their MFRs to be the ones that cash flow...most of the midwest markets are more SFRs for cash flow.2.

Typically your home and next home will not make the best investment property. 

While they can make helpful suggestions, brokers typically don't go into revising the actual language itself since that gets them into a dicey territory. 

.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

However, the CLTV or combined LTV of the two loans to purchase will normally not be allowed to exceed their typical LTV limits such as 75%-80%.

When I researched it, I found that if it’s painted, it can’t be painted any color darker than the existing vinyl color in order to avoid warping.