Out of curiosity, did this $430 include you paying rent if you intended to be an owner-occupant for the VA loan?

Along with my property manager we noted instances were residents are clearly being wasteful (washing cars, not reporting leaks, multiple occupants etc.,.)  

For a primer on the mess of the Foreclosure Crisis in Detroit, watch this video: https://youtu.be/zi6uoRNtVyQI realize another strategy is to just flip this property (as many do) to another investor by listing it for sale as-is and say 'do not disturb occupant' and kick the can the down the road.

I have rarely had lease signings much earlier than a month before occupancy, so there would be no question of holding rent for two months in advance.

Actually, I would ask for buyout + 50% of all rent that would be payable up to the maturation of the balloon note up front, and maybe give him credit for 4% occupancy (8% halved) annually.

Police referred to Tulsa detective who got the occupants phone number from neighbor and called him.

One of the properties is occupied however, I have been unsuccessful at obtaining the name of the current occupants/residents.  

Here are a couple risks you need to mitigate:- Short sales could take a long time or not happen at all- REOs are sold as-is- No sellers disclosures- Some REOs are occupied which means there are no inspections allowed and you may have to evict the occupants - You will be competing with other cash buyers on the MLS

If one of those properties starts to become low in occupancy and can no longer service it's debt, can you borrow from the other LLCs that are within the fund to pay for the struggling asset?

Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit PropertyThe maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.