And no one would have tolerated them essentially playing basketball in the house. 

With the current rates (near all time low), this would reflect a negative cash flow at the 50% rule, but very near cash neutral if counting the principle paydown. 

I spoke with 3 different representatives at legal zoom, and was told that the Registered Agent service could not be used for the Principle, Mailing or member addresses, plus got inconsistent answers to some of my other probing questions on the subject.

--Using a VA backed loan to get a property that will essentially pay for itself... is this a newbie move or is it feasible and a logical investment? 

@Andrew BangBy my calculations:Lender 1 is straight up $7500 total cost.Lender 2 is $500 more.Lender 3, I don’t know what Dutch interest is, but they are essentially charging $4750 plus that interest, which if it were calculated as simple interest would be $4,000.

But then I received some follow up texts that I believe were essentially threats not to pay, ever!

REO's were hitting the market that were essentially great houses in near perfect condition and selling for 100k .  

Some people just love the idea of jumping in and completely transforming the house into something that's essentially brand-new.

A very simplistic answer is its a 2000 furnace Payment$1950 is principle on the furnace$50 is InterestDate                      Account Title                      Debit            Credit12/2/2014             Cash                                                       $ 200012/2/2014            Liability Furnace Loan         $195012/2/2014            Expense- Interest                 $  50                                                                                              $2000           $2000Also the Furnace expenditure should increase the cost basis of the property for valuations and cost accounting and profit/loss metrics

Essentially I base it off the fact that I'll need to replace 2 hot water heaters, 1 furnace and 1 roof every 20 years.