The challenge when renting directly to the government is that they expect below market rents.From what I've read in the past, most institutional investors look at these leases like US Treasury Bonds (extremely low risk) and expect a similar rate of return as bonds.Keep this in mind while you try to negotiate a rent increase.

Typically, you can expect to make a down payment of between 15% and 25% of the purchase price.

.- Consider using tools like the BiggerPockets calculators to run numbers and see what kind of cash flow you can expect from different types of properties.1.

He was able to screw someone over for some money and keep The Bank out of foreclosure the other month, then they build an illegal bar and threw a Poker Championship party "For Charity" bullsh*t to get some money back in to pay bills.   

Never look at a property being offered and listed as-is because the expectation is that you will take it that way and do inspections for info purposes only.

I am only saying that to set up your expectation that it might take a bit longer that it would have a few years ago.

We also do a walk through, set expectations for maintenance, filters, lawn, garbage and go over the function of GFCI's, shut off locations (water, power, gas).

Its like dating, do not expect to close the deal on the first call, it takes 60-90 from that initial call to get someone to commit.2.

According to recent predictions, mortgage rates are expected to stabilize in 2024, which could bring more buyers back into the market.Feel free to reach out if you have more specific questions or need further guidance on navigating the Hampton Roads real estate market.

Given your tax situation, I think a fair price you could expect to pay is between $500 - $1,000.