Aloha Lilianna,The best time to buy a real estate for the long haul is always when others are selling left and right or during crisis.

And on a different note, each property has had the same tenants for 10+ years now but we haven't raised rents in maybe 7 years and they are way too low, is there a legal process you have to go through to raise rents or can we just tell the tenants that rent is increasing by a few percent?

They saw I was in Texas, saw I had in my claim history hail claims, and they "tailored" the policies offering such a way they made sure the policy was unusable for anything else other than a total loss.

That's my best advise on it.It is quite common to have issues with permitting or with the removal of tenants so the lender will understand if that's what's going on.

Best of luck to you. 

Love your podcast by the way!

OwnerRez provided a way to collect a copy of a government-issued ID during the Rental Agreement e-signing.

This way, maintenance, repairs, and taxes are the responsibility of the new owner, while you continue to collect principal and interest, potentially as tax-free income.I'm not a CPA, just a heads-up 😄, but you could possibly avoid capital gains tax with this approach.

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?

I'm ready to get my draft notarized but thought it would be best to find a real estate attorney to review first.