Also, it is possible to have two VA loans as long as the are combined below the VA loan limits for your geographical area. 

This property had a great location but desperately need to be updated to modern expectations.

They produced great dividends, but I wasn’t combining that with a market analysis.

If I increased combined maintenance and capex to $500/month, it would still be cash flowing $100 including a management fee in the expenses and that's on FHA financing. 

Here's the key: If you are looking to get an estimate of the subject property's current value, look at a combination of active listings, pending listings, and sold/closed within the last 180 days (6 months).

I combine some formulas of what has sold, cost per square foot, unit types and current market conditions.

Probably, and it would probably even be pretty extreme.We've never been in this situation in modern history, with extreme levels of debt and low rates, so nobody really knows how it's going to end.

We are looking to combine the units and live in about 1900 sqf and rent out the one bedroom that was built onto the house . 

When all these are combined you can see how profitable each property is, how much you have in down payments, how much you have in unpaid rents, and so much more. 

Is there a way to combine the 203K loan with a CHAFA/down payment grant?