Any suggestions and pros/cons as to why this would be a good idea or bad idea would be greatly appreciated.

Calling All Pros!

Here's the info...Deal 1- oildale, nice neighborhood, more sf homes with a few rentals.160k-3 units- 1 vacant at the moment being remodeled- cash flow about 855$ after expenses & vacancy factor (self managed)- cap rate .12Deal 2- mount Vernon near kmc, on a busy street in a dicey area but still high demand rent area.225k- 4 units fully rented with long term tenants- cash flow about 841$ after expenses & vacancy factor (self managed) - cap rate Oildale pros- nice neighborhood, lower purchase price & money down Cons- lots of multi units for sale in a mile radius- might be hard to rent & 1 vacant unitMount Vernon pros-  fully rented, near where I live Cons- near a busy hospital, sort of a bad area, higher purchase price & money down

I'll wait to see what the pros say....

The property is currently financed with a VA loan and want to know the pros and cons of this strategy according to TN law.

I have three options on which entity holds the property:(1) buy the warehouse directly under our current company(2) Set up a LLC, buy the warehouse under the LLC, and then rent it to my current company(3) Same as (2) above, but with a INCI would like to understand the pros and cons of the different options, and be more than happy to get your thought on this.

I had to look at the numbers and pros and cons of the situation.

What is your sense of pros and cons of investing here. 

There are quite a few treads here on Bigger Pockets describing the pros and cons of each software as well. 

Those people are real pros and they handle everything, so that when I meet with the seller we are both on the same page.