So be sure that you have sufficient documentation for everything on your return in the event of an audit.

Is it a sufficient condition?

Veterans who dispose or transfer their properties under these conditions remain liable to VA for any loss that may occur as a result of future default and subsequent payment, unless the property is transferred to a creditworthy purchaser who agrees to assume the payment obligation the servicer initially determines the purchaser's creditworthinessAny purchaser may qualify to assume a VA loan however, for a veteran’s entitlement to be restored, a veteran purchaser with sufficient entitlement must complete a substitution of entitlement when the ROL is closed.

The vast majority will want to have that control with the planning.

The borrower makes smaller monthly payments, but as a result the payments are not sufficient to pay off the entirety of the loan, so a balloon payment at the end is required.In some cases the borrower elects to refinance or sell the asset prior to the balloon payment coming due in order to avoid/satisfy the large sum payment.

I don't know if my background research was sufficient as I simply paid one of those online services to give me a report on the owner.

We have been able to get key insights on different investment strategies, different areas investors are buying in, learn from other investor successes, see which lenders are reliable, get referrals for contractors, create a vast network of investor friendly vendors and resources. 

If this is a new neighborhood and the builder still owners over half the lots (or a different percent based on your local laws and customs) the enforcement will fall to elected homeowners once that percent falls sufficiently. 

I have gotten 2 different proposals which range so vastly.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.