I want to know what would be the appropriate response under this circumstance. 

Lol.John,I believe you can partner with someone one day and I am so glad to read you are taking a step back at this time especially considering your circumstances.

Obviously this number changes based on each person's life circumstances, whether they have other commitments to attend to, Etc.For most people property management is a luxury, not a necessity.

Once you get to court, odds are, as a landlord, you'll lose 95% of the time just because you're a landlord.I think this is bad advice, except in very limited circumstances.

Are their circumstances when that's not the case?

Those tax returns are due by June 15th of each year and you should consult with your tax professional.W-8ECI Form remains in effect for a period starting on the date the form is signed and ending on the last day of the third succeeding calendar year, unless a change in circumstances makes any of the information on the form incorrect.

Moreover, the property is often neglected with deferred repair expenses. 

., the Company is fully distributed independent of COVID-19 circumstances).

The VA Pamphlet 26-7 (often referred to as the VA lenders handbook) states you must intend to occupy the property as your primary residence within 60 days, however, that can be extended up to 12 months on case by case basis if circumstances permit - i.e. purchasing while deployed or on extended training periods out of the subject property area.

It's not impossible, but there are only a few circumstances in which you're permitted to get a second FHA loan:You’re relocating due to a new job opportunity.Your new home is more than 100 miles from your current FHA-financed home.You need a bigger home to provide for a growing family.You’re getting a divorce and your spouse is staying in the current home.You were a co-borrower for someone else’s FHA loan and want to buy your own home.You’re not using FHA loans to build an investment portfolio.You’re buying a HUD real-estate owned (REO) property.