Should something happen to me, I want to make sure they are covered and can complete purchase.

Thanks for advice guys.I am totally safe on this, as the cash flow is far more than enough to cover the costs.

I also realize that we're technically talking about the funding of two different things (a multi use property and a retail small business), so even though we'd be 50/50 owners on both, I'm not sure the financing could cover both.Thoughts?

Andrew Dodds I think what you’re trying to get to is called “Second-Tier Entitlement” that allows you to have more than one VA loan as long as you have enough eligibility remaining to cover it.

That covers lost rent due to down time as I do repairs, paint, etc in between tenants.

I would do two things: get professional bids on renovations (no fly-by-night contractors offering to save you a buck) and ensure I have the funds set aside to cover the cost.If you don't want it, I'm happy to take it off your hands.

I also realize that we're technically talking about the funding of two different things (a multi use property and a retail small business), so even though we'd be 50/50 owners on both, I'm not sure the financing could cover both.Thoughts?

We have 64 covered (40 ft x 13 ft) RV and boat storage spaces in Kyle, TX. 

Hello Bon, mine do not work across state lines, they will not even cover the entire state of Iowa.Basically, in your town, just find the couple of local banks that only have 1-3 branches and go in and chat with them.

Their reason was that these members are from Florida, and not in California.I paid $5K for the two day class for one of these schools back in 2006, and got a whole bunch of books, which I can purchase from Amazon (except in different covers).I believe that the best way to learn and invest in RE is spend lots of time research on BP, and educate yourself through books.Good luck