Joe,There is a lot to unpack here to answer your question. 

Originally posted by @John Underwood:You don't need a co-host, you just need a good cleaning service to handle turnovers. 

So if I am a limited partner, what sense of comfort would I have that a first time sponsor was able to find a killer deal and manage it by themselves when others cannot.So to answer the question, this statement would get 3 washington post pinocchios.

VA loans can be assumed by a non-VA buyer IF the original note holder is willing to forgo their entitlement until the loan is paid off. 

Would answer him quickly and make decisions for appliances, flooring, paint, etc.

Happy to answer any other questions you may have!

DM me and I can share my contractor and he can give you a better answer. 

That's a little more complicated answer starting with a few questions.What state?

Good luck to you and I hope you find the answers to what you are seeking! 

My concern is the current lien holder (Navy Federal) being notified of the second lien (not in the original purchasers name obviously) and then calling the note due.