Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity. 

If what we are feeling is accurate, the January data should show substantial increase in buyer demand.Jan 1, 2020 to Jan 1, 2025 InventoryWhile interest rates remain high, the demand from buyers is still strong.

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

If you decide to sell, you will only have paid a little more in interest over the remaining time that you are in your home.   

There will be no assessment for increase in taxes or insurance so remains at $1935.

When researching online, it looks there are some instances where non-vets can assume VA loans, but the veteran's entitlement would remain tied to the loan.How common is this and are there ever situations when this a win-win for both sides?

Trying to get a # from him about estimated remaining cost but got nothing.   

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

And they remain owner and control the funding aspects.

If your gain exceeds the exclusion, you’ll owe capital gains tax on the remaining amount.This post does not create a CPA-Client relationship.