Hey Ryan welcome to BP, its good to see another VB person on here.

Personally I think from Richmond all the way down here to VB is an overlooked area, and could really become a hot spot as people get priced out of the more southerly beach markets.

I was born and raised in VB and miss it dearly.

Finding good management is difficult, especially in VB, Chesapeake area (which is why I self-managed from so far away), so interview several before you leave in case you need one later.  

@Gary Floring I’m going to assume you are not really that totally ignorant about figuring out interest charges, but rather you’re just drunk on the VB koolaid, or part of Renatus yourself.....The “ratio” of interest to principal payments is Purely a function of how much principal is outstanding on the loan, whether it be a 30year mtg or a heloc.  

i am also from VB/Norfolk Area . i recommend listening to all podcasts until eventually you find one that will start that fire inside you. read as much as you can and sign up for the free webinars with @Brandon Turner. they Are AMAZING and super insightful . 

I just checked the MLS and there are currently 55 properties in the cities of VB, Norf, Ches & Ports that list some sort of owner financing as an option.  

Play with the calc yourself. https://www.nreigrp.com/vb-calc-2347482457.htmWhat if we invest 12k for 15 years rather than extra payment?

Say we have a client for whom we have in the year 2016:Collected 12,000 in rentsCharged 1,000 in feesPaid 1,200 to vendors for repairs (800 to vendor VA and 400 to vendor VB)So paid out 9,800 to clientI need to give a 1099-Misc to VA for $800; that much everyone agrees onQ1) What would be the 1099-Misc amount to client?

I have used Capcenter with offices in Richmond and VB 12 times over the last couple of years.