Hi BenjaminYou didn't actually mention if this is a flip or your principal residence.

Additionally, funds that reside in someone's individual bank account do not need to be sourced after 60 days*.As an explanation, a borrower would need to show two statements with the funds present subsequent to the statement where they were deposited.

I think the interpretation would be that you did not move back into your primary residence. 

I plan on living in the home as a primary resident and renting the garage apartment out to the current tenant that is paying 650 for rent currently.

So it’s a lot, but I think Cleveland is large enough (area has over 2M residents) that unless you’re near the stadium I don’t think it would have a huge effect.  

An EB-5 Visa will allow me to obtain a green card and permanent residency.

May be hard to find a tenant for that big of a unit.Some tips I would have is to screen new tenants properly, start forming a team and networking with not only real estate professionals (attorneys, accountants, brokers, handymen), but also local residents by attending the community meetings.

This implies a duplex to quad local to where you are going to live because you are required to reside in one of the units to use the VA loan.Do you want to live in Nashville or Cleveland? 

I do not reside in these markets.

My understanding of the strategy is that you would find a good investment property, increase its value and stabilize it, and then refinance.Pulling out cash from your primary residence tax-free can be great, as long as you are getting a better return than the additional interest you are paying.