However, while speaking with a company who specializes in Va assumptions, i was told that with VA is possible to assume For investment purposes and there’s no residency requirement.

@Bracken Bjorn You will find a host of agents here that specialize in representing out-of-state investors.

They began their company, Magnolia, years ago as a house flipping business and a small gift shop that they still own and sell products out of.

Zoning, special use or variance potential, future zoning map2.  

If they only look at comparable sales, they will be including Handyman specials/fixer uppers in their valuation.

I'm located in Youngstown, OH and specialize in purchasing and rehabbing distressed properties.

I had a really good experience with Veterans Lending Group. https://veteranslendinggroup.c...They specialize in helping vets with VA loans and will walk you through the entire process.  

While condos might be all someone can afford to owner occupy or invest in enter at your own risk and if they are talking about future special assessments you will likely scare future buying prospects away. 

I want to use her equity as a gift for the down payment to avoid capital gain taxes.

A triplex or quadplex could provide more units for rental income, but obviously will require more financing, so having your financials and pre-approval lined up early is key.Since you’re already looking to network, attending local real estate meetups is a great idea—you can also connect with seasoned investors or agents specializing in Long Island properties who can offer advice specific to the area.