These are great strategies to use in expensive markets like NOVA and Charlottesville.

I'll send you a message outside this thread, and once I move back up to NOVA in August, I'll definitely check out the monthly meetups.

Just like when planning to have a kid, "now" can easily become not the right time in perpetuity.We have sold a single family in NoVA, purchased a triplex in WV, and purchased a quad with a built-in rehab loan within the first seven months of 2019, and none of those choices have seemed overly risky from our perspective.

Fredericksburg does offer a lot of the benefits of NoVa with a lower price point, and does have a rather big transient population due to the military/government.Please do let me know if you have specific areas you have questions on and I'll do my best to answer for you!

( a good friend of mine who is 65 years of age drove down from Nova Scotia) this is third year.... and there are thousands of us, Canadian, European expats who also state the same.

Same BS still surfaces with newbies.Charles had valid points, the rest is pretty much dependent on where you are. no, VA or old FHA assume-ables are not guaranteed nation wide, see limits on VA by region. 

Dc, Nova, Southern MD are all outpaced.

They each expressed that financing was tricky (no VA or FHA... conventional only) and that there is something about the condo association docs that lenders don't like (not enough funds in budget or something to that effect).The numbers on this deal are fantastic in terms of return and cashflow, but I worry about:1) will it be difficult to sell when the time comes?  

Its completely possible you may need to pay that much depending on your personal situation, Im just saying looking at those numbers makes me think either the lender is very expensive or you have less than stellar credit which is of course possible.The problem is if you are already under contract, switching lenders at this point would likely cause you to become in breach of the contract.We have a BP member who is a mortgage broker in NoVa.  

I have a great property management company that services all of NoVa.