I never understood this, but I have coworkers who tend to buy expensive houses at this duty station, places with big yards, 2500+ sq feet and where the monthly rent isn't even 1% of their purchase price and they don't have an exit strategy after they have to move in 3-4 years.

. - I am going to give @Nathan Brooks the benefit of the doubt and believe that he mis-typed or mis-understood what @J Scott was meaning with the 50% rule.  

I've never understood why other government owned entities haven't done similar things including the VA.  

He's about 4 hours from you in Austin and he gets (if I understood his podcast) more than 100% yearly ROI.

I've never understood the phrase "it's always easiest to collect from some one who pays their bills" until I realized I've never had to sue someone like that!

This is simply based off what I've understood in the readings I've done...In some states you may not charge more than what the out of pocket costs for the application would be.

And in my opinion, if everyone truly understood this concept, there would be a lot less animosity towards investors...and the general public wouldn't look at us like predators.

I think if one of you handled and understood the financial side of this particular piece of real estate for multiple years then that would greatly help you understand what the future holds.

Not sure why my phone changes the word rates to berates but I think you understood.

I was told that it is a smart idea but never completely understood why.