And if one year you unexpectedly need to replace a roof and a furnace, that place needs cash instead of generating it.So I'd be curious about how much you have to invest and how much you need to gain in monthly cash flow. 

So if in case I go LLC route, do I lose those benefits?

My Investors are open to the down payment price and splitting profits 50/50 (Overtime for equity gain as well as monthly cash flow).As this will be my first investment property I am buying.Also, I have means of financing.

Dealt with some pretty unprofessional realtors, seen some properties with real structural issues, visited some pretty run down areas and gained some insight into how people live, a reminder of how fortunate I am....it's a grounding experience. 

Ideally, I’d like to buy a SFH or small multi unit with a VA loan where we can buy at a discount or force appreciation with some renovations while living there to gain equity quickly, then rent it out or sell when we move.Any advice on some areas with a reasonable commute to the Naval Station, good schools and low crime?

Unless the tenant is gainfully employed and can be tracked down, it may be futile.At a minimum complete your final accounting and send the demand letter.

I also am studying an accountant program, and I also want to change jobs into that field as it will double my personal income, and thus increase our capital and reserves, and also benefit our real estate journey through the knowledge I will gain.

It really breaks investing down in a simple way that makes it something that the average person can do with some investment in gaining knowledge, thinking outside the box, and simply taking that first step in investing.I am currently in the process of selling my first investment property with a couple of my business partners and I am looking to go all in on investing moving forward. 

Just looking to househack our first duplex/triplex in the area with the help of possibly a VA loan and GI benefits.

Give them something to think about, and how picking your unit benefits them the most!