This is preventing a real estate agent from listing the property which they have a buyer lined up for $480K. 

I  have given up on my multi-family search in NoVA :-(

In addition, some reserves should be available to handle any large unexpected issues that crop up before money accumulates to pay for it.

Looking at Furnished Finder, and I'm seeing comparable properties in the area from $2,500/month up to $3,500/month.

@Linda Roberts you've got a lot to learn:(You have to follow up, follow up and then follow up again!

The first floor bathroom and 2 bedrooms were given a fresh coat of paint and a good cleaning.

In this part of the market cycle, newer vintage assets, median incomes of at least 50k, washer dryer hook ups, more two beds than ones, townhome style assets.When the broker showed us the deal we didn't have to waste time analyzing it.

After the year is up can I house hack the side I was living in like normal?

@Heather Hall your title rep or customer service rep can pull all the recorded FHA and VA loans recorded 2020-2021 when rates were under 3% Be super careful with the VA's they are a protected class in 9 out of 10 cases and recent overturn in VA mods indicates those in trouble will end up in court. 

(I have some room to go up.)