One of my properties (Wolf Run) was supposed to be at a 6.02% rate.

So, again, an opportunity to take on less risk initially to get the learning curve out of the way.Bottom line - your approach doesn't have to start out one or the other. 

If one of us qualify for the loan amount and choose to have mortgage under one person, Question:1 How does the other claim ownership on the property?

When my husband and I moved to a larger home after our daughter was born in 2022, we decided not to sell and rent this one out also.

Hopefully, one day, enough of us will be able to come together to do something about it.  

Texas is one of the price non-disclosure states I was referring to.

Quote from @Jerome Boudreaux: I hear a lot of people mention how powerful the VA loan is and the more people I ask the more I realize no one can give me good in depth answers.

On the other hand, you are still financially on the hook for the mortgage AND the people that are attracted to seller financing are more likely to be ones with challenged credit and likely to default. 

the real money is in talking to groups to see if it can be taken out of the flood plain and if there is other homes that have. we purchased a piece of land for 8k and got it out of the flood plain and it was worth close to 40k. land entitlement is one of the highest money making activities. check with the local zoning office or national firms a lot will take a look for no cost and if you can get sewer and water and developable by raising it out of the flood plain you are good for some $$ we did this in newark ohio with a single family home plot that we ended up building on and had to raise the land up 6'. it's a suburb of columbus ohio

I currently rent and am very frugal , no debt, drive a used car, have a roth ira etc  I have an opportunity to get a 1980 4 bed 4 bath ranch duplex ,full basement , one car garage per side,, new roof, original mechanicals duplex from a family member off market in a solid B to B+ area/country setting 1.5 miles outside of east side of city of 150k people.