Another friend suggested sending an LOI and a copy of an EMD check on the parks I want to buy to get the ball rolling.

And I'd strongly recommend getting pre-approved as well.  

I think the best way to prevent this is to make sure you have quality tenants by pre-screening, which I am sure you are doing already and setting guidelines and rules up front so they know you mean business.

So roll up your sleaves and get it done and get it rented.

Once the money is seasoned it should be okay but it will take a bit of pre planning to keep issues from coming up during the underwriting.  

In both cities, the firms I selected are the ones that didn't just answer my questions, but collected information from me ahead of time (property locations, valuation, current rent roll, etc.) and came to me, unasked, during our first meetings with not just their credentials and "sales pitch", but a specific plan for how they would transition the properties, and more importantly, look out for my long-term goals (eg; in the case of raleigh, we have several units renting under market value and the firm came to me proactively with a plan to get those units up to market rent or higher over the next 3-5 years).

Interest Rate 3.75% (This was a little bit high, but we ended up rolling the remainder of car loan into the housing loan which made the interest rate go up a little bit)Zero DownSeller paid $10,000 in other closing costGot back $59 at the closing table So the question is would I use the VA loan again, yes...I did feel a little bit overwhelmed with the who process, but it was a good experience.Please feel free to share any advice or experiences that you had.  

It will take time, but once you get rolling it tends to grow exponentially.  

I pay 7%, full months rent for finding a new tenant, flat fee ($100) for processing a renewal, and half-months rent if the PM manages (eg; gets multiple bids, contracts out the work, etc.) any turn-over repairs, or I can do that on my own.I've got 10 properties with them and average 2 vacancies per year, so my effective rate to them is 7% of rent-roll + 2 months rent + $800 + 1 add'l month rent (2 x 1/2) for managing turnover repairs. 

With the market being extremely competitive we may be looking at doing some pre screenings with these contractors/inspectors so would like to know if they are willing to do those as well and how in depth they can get if we were to bring them to an open house/showing.Any and all information would be greatly appreciated.Thanks!