Would you consider selling it immediately to get the cash back out (and potentially break even after realty fees and closing costs), or would you hold onto it?

Good to see another network person breaking into multifamily.

As for a new VA loan would I need an LOE for why I was breaking the occupancy for the conventional?

Here's why:Let's say I sign a tenant to a one-year lease, and 3 months in, their personal/professional situation changes, and they break their lease and move out after a 30-day notice (or maybe less).I am required, by law in most areas, to "mitigate my loss" by remarketing the unit, making it rent-ready, and starting up my lead generation machine to get applicants, funnel them into my screening system, identifying good candidates and ultimately leasing them up.

However, if the market/economy were to crash 20%(including rents) it would likely rent for $2200/mn and I would essentially be breaking even, or loosing money if a big cost expense were to happen.

You will barely break even, maybe even operate at a loss when you consider maintenance & vacancy.But if you are looking for appreciation, then Morrisville is probably a safe bet.

Lenders will make or break deals for you.

I am super eager to break through the starting phase of my agent business.So If you could give advice to your younger self.... what would it be?

This way if one of their workers (employee or contract hire) breaks their leg and sues you.

It's great to give people a break who need it and are working so hard to improve their lives, good for you!