How much is fair?

@Lisa H. why does paying "fair market value" matter?

When people replace their old homes, you can possibly get those fairly inexpensively if they fit your spaces...Best of luck!

So I think it's pretty much like getting any mortgage, but there is a definite lack of communication or clarity from the selling bank (VA).

Now, if for whatever reason this was a fair allocation, and the 5-yr property indeed lost 90% of its value while in our hands - then the impressive tax savings they boasted about would be valid as well. 

Fair point, I really don't want to bear the burden honestly.

Poor communication.

Quick response and a fair cash-for-keys offer is still the fastest and least expensive way to get someone out who isn't paying.

Also, I'm looking for something to keep me busy as I ease into my retirement.You are trying to hack the primary residence part to reduce taxes and if you really can do it and you really live there then it will be fair, but if you deviate at all, the town will come for you and you will never get anything renovated if they think you aren't living there and it's not liveable.

I read that the government (village in this case) takes ownership and pays fair market value to the owner.