I am a luxury residential realtor in South Florida and also started selling commercial land to literally start from the ground up in educating myself on the development process.

One is month to month, one has two years before expiration, and the other is a crazy lifetime lease for an attorney in the building where his rent will never increase, is already several hundred dollars below market, and he pays no utilities.  

I am a luxury residential realtor in South Florida and also started selling commercial land to literally start from the ground up in educating myself on the development process.

A lot of times you can call into the utility provider in your area for that information or get it from the seller as part of your due diligence!

Check if utilities are being billed to anyone (you would have transferred those to you).

Not utilizing theland.

@Peter WellmanIf I was in your shoes I'd utilize the VA loan to purchase a home and set aside the $25K for repairs/upgrades or to prepare for your next investment. 

Landscaping / Snow Removal - Since you will be utilizing a rent by the room model, will you take care of this? 

There is also a finished basement that is not currently being utilized so there is potential there as well.

On average, how likely are sellers willing to disclose utility bills for the past year?