The primary reason investors have difficulty with PM companies is because they have no idea of how to manage a property themselves.

Would this be the HELOC from your primary residence?

With your VA entitlement you can purchase a 1-4 unit property with 0% down, but you have to live in one of the units as your primary residence. 

I wanted to know what I would have to do to establish my parents home as my primary residence, and refer to my DC property as an investment.

Wait for traditional financing. ( end of 2019 - would force me to rent too long )4.

Scenario:Im renting out rooms in my primary residence.

I'm not looking at airbnb as a quick fix alternative where right away I will start making 6 figure income, but im looking at it as something which can one day make me less dependent upon income from my present occupation only and perhaps become a primary source of income. 

Given what you have said you want to do, this is how I would do it.1) Have one couple by the property with a traditional mortgage. 

We have used savings and personal loans and our HELOC on our primary.

What is your primary source of funding and how are you structuring your deals to allow for enough cashflow to live on?