If I had to guess, I would say the seller of the first property simply needed to sell fast and cheap for some type of unique circumstance (avoid foreclosure, need to pay medical bills, etc.)Whether this makes it a good deal is another conversation.

Killeen has unique opportunities because of FT Hood.

I've tried researching the topic online, but our situation seems to be somewhat unique. 

@Forrest Faulconer - Thanks for the swift feedbackI honestly don't have a lot of information about comps in the area because our house is pretty unique to our market (a walk-out basement with a kitchen is pretty unique), so it is difficult to use non MLS tools to tell us too terribly much.

This is a unique market here it seems.

Now, I am in a unique situation where I haven't been able to find answers online.The situation:I purchased a  duplex to house-hack in Oakland, CA with an FHA Loan for $710,000 which is now my primary home.

I currently am in a unique situation with Covid as I can work anywhere and am past the point of my current primary resident multiunit where I could again qualify for a primary residence loan. 

I know every deal can be unique but I'm looking to put together a list of possible options for negotiating "terms" for future deals.

Property is very unique, before and after running into this I couldn’t find anything like it on the MLS.

I would never disagree with anyone that there are ALOT of hoops to jump through with the 203k, however, it is very unique in its ability to force equity for very little out of pocket, and with protections in place for newbies that allow for a lot of hard-knock learning and wealth building in the process!