But don't you think that servicers still use this when you contact them to remove mortgage insurance? 

I'm in the loan process right now and I approached my insurance agent for a homeowner's quote. 

They never took it to foreclosure, which they had the right to do, they were not getting paid, they were paying the property taxes and insurance and they had a liability on the books.

@Tom Gimer  I bought a property over in Washington state.. and some how the owner said the lender contacted him after he had not paid for a very long time 5 to 7 years.. and said we are just deeding you the property.. we lost our right.. now I had never heard of that before or after.I bought it I got title insurance.. and sure enough somehow this happened..

Just do the normal "get liability insurance" and "screen tenants" types of things and your VA loan will be able to serve you for a long period of time.  

They should be licensed bonded and insured.

I am limiting this to only military members since most members don’t have time to update their post on a daily basis to insure it gets seen.

You're real estate commission, escrow costs, holding costs (debt service, taxes, insurance utilites) while you are fixing it up and getting it sold will more that chew up any little margin in it.

I used to door knock many years ago selling insurance and that's a hard row to hoe.

Additionally since AirBnB is nearly out of the question for your triplex in Palm Springs, I would have to look at this from an investor side and see the pool as nothing but a monthly expense and additional insurance premium.