If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/  Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

It could go higher with additional work to the house.

Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

They multiplied what they received.

I love the feedback received so far and certainly appreciate the time everyone has provided to share their views and experiences.The relocation benefit the company will provide is also unique as they will possibily cover the closing costs in case of a sale (not sure if its in its entirety though) or provide 2 years of property management if we decide to rent.

You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.

I greeted the first 3 people that I received post replies from by saying "Appreciate your insight!"

The rates are high right now but these loans are limited based on cashflow so you cant take a loan that costs more than you're receiving in rental income.