Waited a year to use my VA loan to purchase the property at amortized value ( approximately $118,000 ).

This can use an FHA loan and you'd likely qualify and be able to enjoy a low down payment.

You will benefit from low-down payment options (3.5-5%), possibly reduced living expenses, appreciation, and loan pay-down.

If they appreciate 2%, your return is now 9.5%.Adding some debt will improve your total returns.

VA loan How did you add value to the deal?

These updates aim to serve Sevier County residents better and improve overall efficiency.𝐍𝐞𝐰 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐆𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬• Sevier County Residents Only: Proof of residency may be required upon entering a convenience center.• No Commercial Waste: Commercial garbage and refuse must be disposed of directly at the Sevier Solid Waste, Inc. facility.• 5-Bag Limit: Each resident is limited to disposing of five (5) normal-sized garbage bags per day.• Bulk Waste Limit: Residential bulk waste, construction/demolition, and green waste disposal are limited to a 5' x 8' truck bed load or small trailer per day.𝐂𝐞𝐧𝐭𝐞𝐫 𝐕𝐢𝐞𝐰 𝐑𝐨𝐚𝐝 𝐌𝐮𝐥𝐭𝐢𝐩𝐮𝐫𝐩𝐨𝐬𝐞 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 𝐂𝐞𝐧𝐭𝐞𝐫 𝐭𝐨 𝐫𝐞𝐨𝐩𝐞𝐧 𝐨𝐧 𝟖/𝟐𝟔This newly renovated multipurpose convenience center will serve as the first multipurpose site to serve both Sevier County residents and short-term rental unit cleaning companies.

Consider a VA Renovation Loan to finance the repairs into your loan.9.

The seller is seeking $3.5M with an assumable loan.

Completely overhauling the property and significantly improving.

The $100k invested to built the ADU is a capital improvement and cannot be deducted in one year.