Anyone ever purchased a home via a VA loan assumption? We're looking to assume a military member's mortgage (we're military too so they should get VA eligibility restored...). The owner's mortgage company (USAA Nation...

I do not know the normal wear and tear time frame for carpeting in the bedrooms and stairs?

I do not know the normal wear and tear time frame for carpeting in the bedrooms and stairs?

I'll assume you gave them ample warning before they signed the lease that construction was going to be done in the other unit.Most areas have city ordinances for the days and timeframes when construction is allowed. 

By the time you buy something inexpensive and then rehab it and then put Section 8 tenants in it, you will have probably spent the same,....if not more money than if you would have simply did what i did, which is............Find a property that is listed for sale that already has Section 8 tenants in it and then buy it. 

So $22,800 in annual rental income and $5k in expenses, for $17,800 annual profit.

I PCS in DEC timeframe.  

Secondly, I am currently married and living with my husband but I am willing to live in the investment property for the required FHA time frame?

For cabinets you can spend a fortune or you can get pretty inexpensive at Lowe's.

There are a lot of agents who wouldn't even touch a property so inexpensive.