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With numerous bank related issues pushing the calendar date farther and farther.The deal starting at $182,500.

I missed a few key points, one of them being a roommate vs a full house tenant.Perhaps, it may be extreme, and I see your point, which is based on your experience on being on the other end of the arrangement.This particular person is self employed, has no prior landlords, is hesitant on filling out the rental app, and is in a rush to move in....I definitely know I am bias after having the numerous episodes I've gone through as a landlord throughout the years, and in this particular case I would run this person through the ringer if not just deny them outright....Although this is a little different in a roommate situation, as a Landlord you have the professional obligation to thoroughly and completely checkout their entire story especially when its off to begin with...If they dislike it, then perhaps they should get their life together. and was this really the person you wanted in your place anyway?

Well the original owner was the landlord and was not firm with the tenant at all during the period of the lease (numerous late payments).

.- unlike the the certain gov't gaurantee programs there isn't a minimum time limit to reside in thw property purchased using the VA Loan/ gaurantee.I've confirmed thison numerous occasions with VA reps from the regionaln office in Cleveland that serves the north east united states.

This is not to say I haven't blundered a time or two.I am also aware of how sad and annoying this constant pissing contest is between people of different "expert" standpoints.For anyone's information John Jackson has helped me on numerous occasions without charging me a penny.

There are plenty of people that have numerous Sub 2 properties and do quite well.

These things add very little value at the beginning as compared to other things you could be focusing on.I've done 3 deals, have made numerous offers, and will be closing on 2 more deals this month.

Look at all the people on here with numerous properties. :)

The purpose of these funds, so far as I can tell, is not to derive yield from direct investment, but instead use the rental projections to sell the underlying assets to risk-averse institutional investors (read the same pension funds and municipalities that got swindled during subprime) at inflated prices.Quick numerical example:Buy a house for $200,000 that rents for $2,000/mo.