You appear to have found a property that doesn’t require property tax payments, title, hazard, or fire insurance, and a closing attorney or title and escrow that works for free on both the purchase and sale side.

I’m still saving for purchase price and reserves, but while I do that, I heard on the podcast to try to just analyze one property a day and after a month or two it’ll become much easier.

I have read a few introductory books on real estate investment, and I am now looking to take steps towards purchasing my first property as I love to greatly research anything I want to start doing.

\we have an oprotunity there to purchase multi unitr there and want to advice with someone that well familier with this area

Another thought - When purchasing HVACs, roofs, tree removal, siding, etc. you can very easily pay "retail" (just look for the biggest ad campaigns online) or you can save 30-50% by being your own GC and finding or going to the crews directly.

I recommend your purchase agreement include an opportunity to review any lease agreement, payment history, and application screening for current occupants.

I'd suggest trying a few different lenders in your market to find one better equipped to support you purchasing with a VA loan.

The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.

I am going to go a bit off topic here...I have been thinking about purchasing a rowing machine for a while now and this thread, and thinking about how much my physical activity has gone down in the last year (since I left the Air Force), is making me think about it even more.

Maybe I’m reading this wrong but after reading several articles it’s my understanding that normally when a civilian assumes a VA mortgage the “VA entitlement” will remain with the seller meaning purchasing power in the future will be less since it’s still tied into the current loan and the 1 year occupancy is foregone since the seller has lived in it over a year.