Hi @Damon Diddit I would avoid Newark at all costs. 

Out of pocket, it is at least $1000 a year but I think it is worth it in the long run.

The asking price was $799,999, but the numbers didn’t work at that price, so we came in lower at $770,000.

here is a past link to answer your Quation?

There's actually some deeper nuance here than just the holding period. 

I'm looking at a property in a small town, that is a good recreational/STR market, but there are very few comparable home sales to base an ARV on. 

@David Lewis I'm regularly looking at multi-family listings on MLS and can only find cash flow in tertiary markets - think Lowell, Fitchburg, Springfield, etc.

I’ve been looking at properties in Texas under $60K that could generate good rental income, but I want to understand the common terms and structures of owner-financed agreements before jumping in.A few questions I have:Typical Agreement Terms – What are the usual structures?

That was the right move for us at the time, but let me tell you, boy oh boy does it hurt every time I realize i sold a 3 bed 2.5bath home in dublin schools that I bought for under $200K...its the one that got away and honestly will haunt me forever...or until i go back and get it again...but seriously find a way to keep that thing fo the long term especially with that rate. 

@Jerome Boudreaux what lenders probably won't tell you right now is the BIGGEST benefit of your VA loan is an assumption!