But I think it's worth filing a claim in any case.If my first assumption is correct and you believe it was intended that you receive that part of Parcel 7A then you probably need to go back to your Seller and get an additional deed for the parcel.

Please correct me if that's an incorrect assumption!

You are making an assumption and offering it as fact, that is dangerous. 

I wouldn't recommend a 10yr ARM, but depending on your outlook and assumptions of when the market may recover, the 5yr or 7yr are likely the better options. 

All of this needs to be really clearly laid out up front so it's not a mixture of business and personal, you're buying it 100% as a business / investment is my assumption and he has to understand that he either needs to pay a market rate at least for your share of the property, or vacate once the VA minimum time passes so you can both rent it out market. 

Is that assumption reasonable?

@Michael Zuber, Sure, and just to clarify, I'm definitely going in with the assumption that it WILL pass, so I don't get caught unawares.

I think that I've lost the context here. and there is a lot of misinterpretation or assumptions.

Typically assumption of the loan means the buyer is just paying the loan on behalf of the seller + a down payment (equity buyout) to get the seller to hand over the property.  

Please let me know if I missed anything in my analysis.Real Estate Assumptions:  1) 25% down - most banks seem like they will not loan more than 75% on investment properties I am finding - since appreciation, not cash flow is key in the bay area, the more leverage you can get, the better your return.