Even good VA's can't get the same results as a good local caller.  

Even if it is a combination of a few different programs. 

.- Urgent maintenance issues, this is the most tricky part, in my case I have 3 of these situation and the go-to contractor didn't even answer the phone, so I had to find someone else, so made many calls to get this sorted quickly.One of my investors lives in Chicago and found that the house was destroyed when the tenant left so his wife came to Dallas for 2 months to fix everything so they can put back in rent. 

Daria,Even with fixed income you still qualify to take cash out through a mortgage (cash out refinance). 

During my search I came across 6+ listings from the same seller all with tenant in place making some amount of cashflow, some of them even making $500+ cashflow(by Brandon Turner's definition).On paper, it seems I'll make cashflow the moment I buy the property. 

With that being said even if we were able to find an attractive refinance opportunity, would it even be worth it when factoring in all the fees associated with converting it?

I have heard that paying off your rental is not necessarily the best choice because of the deductions it allows for, but given the type of loan this house is mortgaged with, is it even possible to buy another home together and start renting this one out when I have a FHA loan on this one?

This is not a PPP but is even more restrictive. 

Yet even a week later, they refused to release funds without calling to verify funds.

Lofty is facilitating all communications operations/voting. most of these properties have been burning cash and additional loans are being taken to repair the properties and even pay property tax bills