Or is there something completely different I should be looking to do with a couple hundred K???

If you can somehow differentiate your property from neighboring homes with updates, kitchens, BR, faux wood garage doors, landscaping etc.

@Luis Barberi So you and I are different.  I

Is Sub two just Owner financing or is that something different? I

It is also my understanding that VA no money down max loan amounts are typically below what is needed for a high-cost area like New York City; and that 20% of the differential between the VA max no money down loan amount and the higher purchase price of real estate is needed to purchase a property with leverage that has a higher cost over the max zero money down amount. 

It does show market value starting in 2010 to present which is as follow: 2010 - $41,500 2011 - $41,500 2012 - $41,5002013 - $41,500 2014 - $125,4002015 - $125,400 2016 - $131,600While I realize market value and appraised value is different, is it presumptuous to think based on the trend in market value that the property most likely worth less than the loan amount (119K) given back in 2006?

The Urban Empowerment Program is something different. I

I have talked to some who do not do it like this, which is why I differentiated :-)

I'm different. I

Sometimes they are close other times as you have seen very different.  I