Additionally, the limit for VA loans in much of the country is less than $500k (like $437.5 or something).

I am in Harris County Texas, more specifically the city of Katy,TX where public works, school districts and such are part of the tax bill PLUS additional fraction of a percent directly to the city.The appraisal district has a particular portfolio of properties all assessed at significantly lower than what like property potentially would be valued at.

Be specific on the value you can add? 

Would love your referrals on folks you worked with and have been integral, valuable members of your team since :)- A lawyer (LLC, Lease review)- Lender (Would like to contrast with our current lender offering)- Property mgmt company (received good word on GDAA, would love your feedback / referral to additional companies). 

This seems like a more affordable way to get into the market, but  I want to ensure all my bases are covered. 

Most of them have formal research and investigative backgrounds, in addition to being bright, organized, knowledgeable, hardworking, highly competent, good at taking calculated risks, and, of course, quite wealthy.

Couple of things to share having just got additional detailed information from the owner:Rents in building avg. $24.52 (submarket is $22.07) Price per sq. ft. ranges from $14.52 to $39.32. 

If you do find it, great, but if not consider purchasing a single family and just turning it into a rental when you leave.In either case you need to ensure that it will cash flow from day one.

We are extremely concerned, as the house needs termite, structural, and additional work before we can move in -- we have contractors lined up as soon as possible after closing, because our apartment lease is up in a few weeks so we will HAVE to move in at that point. 

Doesn't involve second liens, additional interest expense and allows you to build equity immediately.