Trusting a PM to rehab a property feels like trusting Youtube to raise your kid.

Lease is up in 4 months, probably going to put it under management and the tenants will likely move out.2.

Why not 5% down conventional, seems like that works with the available cash and closes this at $100K. 

It's possible your loan officer is either unaware of the guidelines or his company has an overlay.As a lender who specializes in VA financing, I reach out to the VA Regional Loan Center of jurisdiction (based on what state the property is in) anytime I have a scenario like this, that way I have VA's position in writing to submit to my underwriters.Aside from the fact that both units are under lease for 10 more months, is there any other reason you could not occupy the home within 60 days?

With his involvement, it seems like Shreveport is gaining momentum and attracting new investments.1.

otherwise you'll end up like this guy.https://www.biggerpockets.com/forums/48/topics/1193623-rent-...

There is a syndication in which my wife and I would like to invest alongside with another couple. 

Guest takes more care of the property, since you,  the host, are the only judge to decide if you retain or not the deposit in case of damage or issues.Another Good: You can write in your contract that non respect of rules may lead to lose some of the deposit: Like noise, or a very unclean check out, etc...

If you haven't already, I would try one of the major commercial brokers in that market who deal specifically with that type of asset.It seems like a really good location as well.

I would like to build a nice cash flowing portfolio.