When I said paying my self rent I was more or less referring to a little help supporting my business financially if needed.

I know this is a personal decision, but do you think it is a good financial decision to hold on to it until it is paid off so that we can use that money towards paying off our current house?

@Shiloh Lundahl  is being kind.this is going to be near impossible in an owner occ situation. and 100%that's the great thing about VA.you need to just get your financial house in order..

In college I majored in Computer Science which is the field I now work in.Career, family and financial security were always my top priority and there was not a lot of talk about REI back then... so fixing and flipping remained just a dream.

If we ask, we can get a feel of the homeowner's financial situation (what they may owe on the house).

Young lady your that much closer to financial freedom.

The financials are tremendous, unfortunately so is the management. https://www.biggerpockets.com/forums/52/topics/491641-nearing-1-000-college-student-tenants-heres-what-ive-learned

We met with financial advisor and we have outlined a plan to be completely debt free by September-October.

I am the financial adviser. 

Or would their be legal repercussions if they do background checks and they find out that they don't want to rent to these people?