Bruce, have you and the broker looked at agency financing programs that might extend that to 30 years with that 25% down? 

Lenders generally require that property owners possess marketable title before extending loans against real estate.

I live in Bay Area and am interested in NC (triad region) for buy-and-hold (rental) because that's where my extended family resides and Bay Area is too expensive to make numbers work out for me. 

From the research I have been doing recently, the concern is that the prices have run quite hard for an extended period of time.

One rental was over run with roaches at one point, to the extend when I had an exterminated came, he lifted a rubber mat by the sink, almost 50 roaches ran for cover.

We have seen other deals where the school leases for 7 years and then has the option to purchase or they can extend the purchase date for another 7 years,  Thanks for your help and direction.P.S.

The home is said to be utilized as an extended family home and likely not situated for three separate units.

Also, if you're married the capital gains exclusion is $500,000You can also add to it the cost of any work/rehab you performed on the home that improved or extended the life of the house (known as the adjusted cost basis). 

If you're talking owner occupied, meaning you're going to live there, it seems like choosing between those two areas is the primary consideration, then once you've picked that market you can dive down to consider specific properties.For your own personal residence, usually other life factors such as proximity to your place of employment and family considerations (spouse/partner, children, parents/extended family) are even more important than real estate investment.

The original purchase contract closing date expired so we had to extend the contract for another 15 days to give buyer's lender more time.