Originally posted by @Jay Hinrichs:auctions in WA are cash on the barrel head at the time of the auction. you need cashiers checks to buy then you can sell . takes 5 to 14 days to get your deed. 

It has been recently upgraded according to the original seller.

In this case you may want to refinance your VA loan on your prior property to restore your original VA entitlement to full prior to your purchase.You can use VA financing for up to 4 units with 100% LTV or 0% down but the subsequent or second use may have up to 1.25-3.30% VA funding fee ( points financed into the new loan) unless if you have a disability rating of 10% of greater on your certificate of eligibility or your COE shows "exempt-eligible veteran."

I am now considering reverting back to our original offer of 875k with a 3-2-1 buy down at 36k but am not sure they would go for it.

Hi VA loans are originated based on the entitlement amount of the borrower.

Originally posted by @Terry Majchrzak:Ok ya'll, long time BP learner, first time poster.

I'm trying to figure out a strategy on buying real estate from the seller (who owns the property outright) on payments, adding value and reselling it for profit and thus, paying off the original seller.

Bigger Pockets calculator asks the following:Purchase Price: 153,000closing costs 7650 (5%)20% down 30600Interest rate 6.5% 30 year loanRent $1330Property Taxes 451/yrInsurance 850/yrCapEx 5% ($66/month)Repairs 5% ($66/month)Vacancy 3% ($39/month)Management 8% ($106/month)Leave utilities blank assuming the tenant puts them in their name, BP calculator gives me 5.33% CoC ROI, which is better than what I originally did.

Savings rates have changed a ton in the 5 yrs since the original post. 

Originally posted by @John Thedford:Am I allowed to post in this thread???