For example, income 2 1/2 to 3 times ratio to rent, credit score minimum of 690, no evictions in past 5 years, no outstanding collections of $1000 or more.Have each adult married or not  fill out an application and go through screening process.

Apart from that damn neighbor. 

According to the Mortgage Bankers Association (MBA), GSE loans currently comprise approximately 43% of the $1.02 trillion of outstanding multifamily mortgage debt in the U.S.

I have zero professional experience that would make me know a damn thing about a market like this.Super cool that someone from the (in)famous Williston popped in, though!

That same deal FHA, by contrast, would be about $122k down.So to be clear, veterans are ALREADY getting a pretty freaking amazing/killer deal.Once you start mixing and matching VA/FHA in with refinances into conventional, veterans can ALREADY "owner occupy house nomad -> rental" pretty damn effectively. 

Seller xyz stated he would take care of all outstanding tax issues prior to sale of property, is he legally liable for them, or would this fall onto abc or new owner (myself)?

Selling price - outstanding mortgage principle - selling costsI just want to avoid paying taxes on the selling price of the property when I actually only received a portion of it minus all the costs and mortgage principle.Cheers,Mike

I understand that for tax sales there is a redemption period for the owner to pay outstanding tax bills and the bidding price to buy the home back.

Tony - one last point I'll add to my suggestion above. . . as it applies to me personally, I still owe $172,000 in outstanding student loan debt.

If you have a good amount of equity in the property, that's great but since you didn't do a short sale, you can't negotiate a reduction; you also inherit any outstanding liens.