If you wanted to keep your current VA loan (which probably has a pretty good rate) and get a $30k HELOC with a $20k draw that would be the best (and only) method of doing something close to what you described. 

If you are buying w/ cash, there is no lender involved. 

Hey Guys,My name is Corey and I am just branching out, wanting to get more involved in BP.

If I were in a better financial position right now, I would definitely start getting involved in real estate by investing with an owner-occupied MFH and go from there. 

Every deal we do involves skip tracing and cold calling.  

Also, I want to add, if you're putting together a proposal or even an OM, then I would add the risks involved with investing.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The idea being I am more involved than a strict turn-key and am able to reap some equity from the start.

However, this has historically never worked out well.My husband and I used to be bleeding hearts for some of these types of "helpers", but after we discovered 1 living in one of our projects (explained why he was taking so long to finish), and 1 who hired his wife and her friend to be his grunts (not the best idea for manual labor), and 1 who brought his dogs (yes plural) to our flip project where everything was sparkly new...and then wasn't because dog slabber was the new finish....we decided that we needed to save our bleeding hearts for passion projects that didn't involve our RE business.  

I want to help him out and buy the property at the same time but not sure of a good way to do this without the wife's involvement.