Also, I like to preface that whatever your criteria, if you manage the property well and execute to the best of your ability, given enough time everything works.

@Gregory Cudzilo putting multiple offers in at the same time without the intent or ability to close all the deals is pretty crappy.

I thought AirBnB was a marketing platform, but they apparently see themselves as much more, with the ability to dictate how I manage my own property.

ability to own for life and bring our family and friends here for years to come.

Pros: -Increased cash flow with REFI-Ability to scale faster -Flexibility to use VA again if needed because of REFI-Centrally locate my rentals in one marketCons: -All cash is going other than CAPEX to the principle to increase the loan paydown -Upfront cost to REFI-limiting my portfolio to a single marketUltimately, what are your long-term goals (five, ten, thirty years)?

Obviously the military does not pay you overtime/commission/bonus so this would delay your ability to qualify if you were relying on this income.If you decided to go the self-employed route/start your own business, you would need to show two years of income on your tax returns in order to use any of the income as qualifying income. 

This does not appear to be a good deal for a buyer who has the ability to qualify for conventional loan terms.The seller has structured a deal that allows them to net more money through a combo of factors, including the price, the above-market rate, and the loan terms.

I'm more conservative in my approach but I'd say you at least need to have enough for the down payment, closing costs, etc. plus a healthy reserve so that you can cover a vacancy of a few months as well as the ability to cover the costs of any unexpected maintenance and/or capital expenditures.

We have the ability to use VA loan for our next purchase.

The UBIT is the biggest kicker for me, even though it would probably be less than the taxes on the early distribution I would still have the ability to pay back the distribution over the next 3 years if I want... unless I can use the accelerated depreciation to offset the tax liability.