At my daily job , I try to make enough to pay all my family’s bills , pay down 1k debt a day and save 1k a day in savings .

When investing into real estate its best to go where jobs are.

Down payment would still be $60,000.Of course if buyer defaults on the loan I would still foreclose, and I would require home insurance/property tax in escrow like the banks do.Do you think this would work?

Many states require property managers to be licensed.

Are the sellers requiring you to use your VA eligibility to assume the loan? 

At the end of the day (and in hindsight) swaps are much more advantageous in this market, BUT require true credit worthiness.  

Correct, many lenders require a 6 month seasoning period, but there are a growing number of lenders doing 90 days or less right now, especially if you can show that rehab has taken place.Are you currently looking for one in Detroit? 

There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).

As an agent, you can certainly still be an investor and look for land to buy, BUT your state likely has laws requiring you disclose that you are a licensee.

They rentals do okay its just that I have to property manage them due to a day job so that cuts out $830 in cash flow.