Ideally we wouldn’t buy if it didn’t cash flow in the first place so I’m picking nice round numbers just for simplicity.Loan is 240K 30 yr. fixed at 4.3%Monthly payments are 1,500 Rental income 2,000Cash flow is 500/monthIf we use the cash flow to pay down the mortgage faster we can pay down the mortgage in ~ 17 years and save nearly 80K in interest paid on that loan.

Well You must notify your insurer that it is for students .

The sellers offered to submit an insurance claim for the stolen ac units and take that $ to cover the difference between our new price & her mortgage payoff.  

The rent rates are cautiously 1200/monthThe tenant will pay utilities and rental insurance I'm estimating is 100 a month.The taxes are 2k/yearly.I will be managing this property myself.Thank you!

Try to get a $10K-$20K  down and then see if you can get an interest rate a few points higher than the Subject-To loan interest rate.I agree with Mitch also, Sub-To's have nuances so get some help if you've not done them before, particularly around how to deal with the underlying mortgage provider as  well as insuring the property.

Similar question, how much does health insurance effect ones ability to switch or leave a job?

I talk to the owner right away, Owner said he don't even know do he has the right to sell the house right now or not because he is dealing with homeowner insurance. 

If I could get the seller to carry for the term, that would be ideal, but I think most would want the balloon at some point.

I had one rental in Baltimore which is built in 1956 and is insured with Allstate. 

The ideal agent will:-Have knowledge of VA loans-Have an established network of property managers, contractors, handymen (or women), and local lenders.