How is the purchase price determined (ie is that governed by the IRS?)?

If we can save you 30k on your taxes via implementing these strategies, that is a 15x return on your 2k cost, since you are now not paying that to the government.

I also have a very very very small chance of getting let go from my job since it is regulatory work for the state government.

I think they are rent capped by the government (I wonder when that runs out), so raising the rents is probably not an option, and having experience in this niche with all of it's "Red Tape" and paperwork would be helpful.

Then, look at the growth rate supporting the sector you intend to invest (Are you looking at rentals, if so what price point, etc..).

Someone who works out of state with fire and government jobs but maintains permanent residency in home state with intent to return on taxes, license, etc.

Some people have had success purchasing a house as a residence utilizing one of the Government sponsored or Fannie Mae sponsored low down payment program and lived in the house for the prescribed minimum amount of time at which point they moved out and kept it as a rental.  

Good thread -- I've heard that Residential real estate construction is a sector that has changed the least in 100 years so I was intrigued by this development.

I forgot to mention, I suggest you confirm with the responsible government body (town, city or county) that the encroachment and proposed easement do not and would not violate zoning restrictions, i.e. setbacks or utility easements.

😬😬😬So anyway, he told me that he recently brokered a loan with no income verification (This was not a VA loan, backed by the government).