Buying a home and renting out rooms, especially in a high-demand area like Virginia Beach/Chesapeake, can be a great strategic move.Your strategy has potential, especially given the housing costs near bases and the benefits of your VA loan.

I am looking to potentially do the painting myself to save money.

That said, each individual lender will vary slightly in HOW they underwrite expenses for your DSCR, so it's very important to ask each potential lender about their process.

Renting to travel nurses and corporate housing can be a great way to generate steady income from your property.To attract potential renters, you may want to consider listing your condo on websites such as Furnished Finder, Travel Nurse Housing, and Corporate Housing by Owner.

Hello Everyone,I'm going to purchase a log cabin in the mountains and considering the potential impact of professional interior design.

The best first step you can do is get pre-qualified with a good lender, then start looking at and analyzing potential properties.  

I'm trying to understand the realistic timing, tips, pitfalls and any recommended lawyers as well. 

These considered, not sure the potential extra profit would be worth the hassle.

The potential payoff is great.  

This is because lenders are primarily concerned with the income-producing potential of the property when determining its value.In regards to your second question, it is possible to buy a property from yourself or transfer ownership between entities.