Should something happen to me, I want to make sure they are covered and can complete purchase.

Thanks for advice guys.I am totally safe on this, as the cash flow is far more than enough to cover the costs.

I also realize that we're technically talking about the funding of two different things (a multi use property and a retail small business), so even though we'd be 50/50 owners on both, I'm not sure the financing could cover both.Thoughts?

Andrew Dodds I think what you’re trying to get to is called “Second-Tier Entitlement” that allows you to have more than one VA loan as long as you have enough eligibility remaining to cover it.

That covers lost rent due to down time as I do repairs, paint, etc in between tenants.

NPN space is great if you want a job and or like all that stuff.Or invest with a fund that does the heavy lifting cant see why the one off individual would take this risk.

I would do two things: get professional bids on renovations (no fly-by-night contractors offering to save you a buck) and ensure I have the funds set aside to cover the cost.If you don't want it, I'm happy to take it off your hands.

I also realize that we're technically talking about the funding of two different things (a multi use property and a retail small business), so even though we'd be 50/50 owners on both, I'm not sure the financing could cover both.Thoughts?

We have 64 covered (40 ft x 13 ft) RV and boat storage spaces in Kyle, TX. 

Hello Bon, mine do not work across state lines, they will not even cover the entire state of Iowa.Basically, in your town, just find the couple of local banks that only have 1-3 branches and go in and chat with them.