A 6 unit is a commercial property.If you qualify for a VA-backed purchase loan, you can use the loan to:"Buy a single-family home, up to 4 units"from https://www.va.gov/housing-assistance/home-loans/loan-types/purchase-loan/@Poe George - I would the paragraph that you mentioned here but I couldn't verify that information on va.gov. 

I verified this info 2 days ago.

For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

I would like to to just verify you are referring to this method, correct?  

@Audrey Thiault You are not going to qualify for this loan.....you have to verify your down payment source of funds.  

Have you verified property taxes with the county?

Property info isn’t as important as your financial info....2 years tax returns, last w-2, 2 last pay stubs, 2-3 months of bank statements/accounts to verify existing funds. 

Note: your lender will have a 6-12 month seasoning period from your purchase to refi based on aprraisal, verify which it is. 

You will want to understand the rents, ask for bank statements showing the deposits or some other proof of rents.I would consider closing if you can verify rents and then if legal in Indiana give them all 30 days notice.

Of course I would have to conduct my due diligence but if these numbers can be verified it might be worth the risk.