I purchased the house for 575k with the VA loan @2.5% interest rate.

But you'll have to change the insurance to the LLC, and the lender will be notified. 

I haven't bought a 2-4 unit with the VA loan yet (been living in expensive markets lately) but I will as soon as I exit the military in the next couple of years!

With all of the short sales popping up on the MLS I know I will be successful in finding and helping someone.

The 2nd PML would only be up to 65-70% LTV.

We have renovated 44 units using personal credit in the last 8 years.

I wouldn't count on serious appreciation over the next 5 years or so.

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

Long time listener of the podcast.

The $40k number may have to do with something else!