You should consult your CPA since I do not know what your current itemized deductions are and how the debt will affect one rental deduction and the purchase of the second with the debt of the first loan.

Particularly how time of year affects vacancy.

The lawsuit comment might seem like a threat but if the steps are in fact in bad condition and she's made repeated requests to have them fixed, she's right about having to sue if she gets hurt. 

Refinancing - When you purchase (as in the due diligence phase, not after closing) you need to understand your "take-out" strategy and how that will affect your timelines, and seasoning requirements.  

You could have the coolest neatest product but if it’s in a bad location it will greatly affect the value in the demand.

Wondering is it safe to refinance current home from VA to conventional, free up VA loan, then use the VA for next home and use the equity to rehab, then repeat.

Your numbers are what makes sense to you and shouldn't be affected by what the bank does, which is out of your control.

It'll probably be ignored, but if it doesn't, then I can move on to Due Diligence.My question is does Property Management affect the NOI when making the initial offer?

-- Orlando is one city sellers know the entire economy and city will be affected, That said you know that in 3 Months know one at all will be discussing Covid 19 ,, they'll have forgotten and moved onto the next thing falling from the sky :) ..

If it does, how it affects multifamily will depend on how deep it goes.