I am a real estate investor and STR management company owner in Fort Collins. 

@Chris Seveney this would be an owner occ VA loan the numbers will be for year 2 when both sides are full 

Owner occupied might be the best option for you.I wish you all the best.

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

If you're going to non-owner-occupy multi-family you need 25% in cash plus closing costs and reserves, unless a Contract for deed is an option. 

If these properties you beleive are so easy to come by do not appreciate into owner occupied neighborhoods (as I suspect they are not at this time), what is your exit?

We ended up buying the house through the more traditional method of an owner occupied loan that is a JV with my daughter. 

The original loan was an owner-occupied FHA loan.3) I also plan to ask the lender to remove the mortgage insurance (FHA loan), since with the value add, I should have more than 20% equity.

The lender on the other hand will not change the mortgage since it is rented and not owner occupied.

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.