Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!

At that point, it's worth researching and finding a solution that better meets your needs.

Really great intrest rates, 0% down payment, no PMI insurance, no appraisal, no inspections. 

I do not know the markets you mention, but wonder how numbers could work today in a very mature market like Nashville with a current seemingly high vacancy rate due to lots of development in recent years. 

However, this seems like an inadequate amount if costs rise for Future Value with a 3% inflation rate.

They also told me that their eviction rate or vacancy rate (can’t remember which one) is the lowest in the nation.

The interest rates are too high to support this unless one of those local markets has a little extra inventory.

Let's see what happens when interest rates go up and these syndicators cannot resell or refinance because there is no more interest only loans and they must amortize at a higher rate! 

The property itself is worth about 130K -140K currently so I will be 1031 exchanging next year when rates come down to a newer property.

What timeline did you use for an exit on the IRR and what appreciation rate?