All they are doing is adding additional costs and getting zero protection.

For my short term rentals I am really going to focus on adding improvements that will increase my daily rate and guest experience.

So I'm strongly considering adding a handful of these to my buy & hold portfolio.I understand that there's no "risk-free" method to acquiring these properties subto, but have any of you had success over the long-term acquiring properties with VA loans attached?

Adding more details can help get better advice. 

Perhaps I'm an old out of touch birdie, but if I made $292,000 a MONTH doing land contracts, I would focus all of my time and energy on that and adding to it.

That added a 12% expense bump- totally changed the vacancy dynamics.

I added $250 ($3,000 / 12) to the additional payment column starting at the 13th payment.

Also consider adding higher end finishes in the bathroom(s).

Fortunately, even though I'm a newbie still in setup mode (working through renovations on a value added property) I'm already starting to recognize the right answers before reading the responses, thanks in big part to many of you.

If you added in the cash you should have to protect against contingencies, the actual return goes down (or the risk sykrockets, your choice)- If the $300K properties cashflow, definitely a better bet.