Before you put down your offer, make sure you have the cash in hand for not only your earnest money, but also for inspections both building, termite, radon, structural whatever you might be worried about for the future, get it done during this period and get it done quick. 

If a performing note stays performing till the end of the loan term, it is almost as if we did a CD or high yield savings account with the loan interest rate for the loan term  - of course, in a CD, you will get interest only for the term and get your principal at the term end.

No tenants, no toilets, no termites and no capital gains taxes. 

Keep an eye out for any termite damage, in-ground oil tank (it may have been decommissioned years ago, but may still be in the ground).

Inspection showed termites and all sorts of stuff hidden from me at purchase even though we did an inspection before purchase (using their recommended inspectors).

But God isn't making any more rivers, and I felt that long term, it was a good store of value and would make a lot of money. 

@Kyle H.Rot, Termites, and according to codes If you disturb more than 25% (I may be off on this #) of any "system" then you have to bring the entire system up to code.

Most lenders did away with the 40 year amortization term. It

FHA has restriction on code, termite etc.

@Zach Quick   Okay so competitive advantage is actually an academic term. It's