They have been incredibly transparent but they are currently deciding on a capital call or selling the property at a major loss (70-80%).

One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #26­24­17 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road. 

If you decide to invest I would encourage you to check out North Carolina.

Just say I decide to go through with all this and I get my name on the deed.

Owning a home also gives you stability (ie your landlord can't decide to sell your home), flexibility to do what you want to with the home and the money you are paying is paying down your mortgage, not your landlord's.One other question is do you plan on moving anytime soon? 

Hello all,
I'll get right to it. I am in discussions to seller finance a townhome-style quadplex. Each unit is 2 bed 1.5 bath. Total sq. ft = 4500. Property sits on 1 acre. Paved lot with plenty of room for cars. Rur...

It would be good to understand how one should take that view in order to effectively use that information to decide on how to proceed with a property. 

April, have you seen the recent pro-formas they are putting out on these properties that suddenly become available..basically, the properties that investors decided to drop once they asked for massive price increases?

I would say if you're looking to invest, the first thing I would do is to build your CORE 4 which consists of having a great realtor, contractor, property manager, and attorney in whatever areas you decide to invest in.

You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof).