Well, how much is the lot for sale for?

Hi Scott,You can achieve sustainable growth by investing in high quality, well-managed properties that will generate consistent returns over time.

Based on rent of $1,695, I think you'll be lucky to get an appraised value of $160k with a CoC return well under 2%.

Looking for ways to expand my network as well as possible job opportunities. 

You must learn to manage the property well.

@V.G Jason Well that was a lackluster response.  

I would go the VA loan if you can, no pmi will help your debt ratio as well.  

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

Jay I know you are a player in this space as well - but I am curious to your opinion on finding decent loans to buy.

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.