That put's me at 16.98 price to rent ratio initially, which is lower than average for Northern Virginia.

When you get more experience the investors feel more comfortable and charge less points and lower interest rates.

. - Unfamiliarity with the area/surroundings- Lower Rent compared to CA but I know I can't compare apples and Oranges (But I don't want to invest just to break even)------------------------------------------------------------------------ Tax questions ***Some state does not have tax on income(?)

You will be limited to the lower of: Allowed LTV based on new appraisal OR purchase price + closing cost.

I am looking to get traditional financing to make a lower monthly payment because it will be  $700/month with the owner financing agreement.

Happy to run different numbers for you, if you'd like and think that would be helpful.Radford might be another market to consider - growing campus, but not the same appreciation rates as Blacksburg, so the entry points to rentals are going to be consistently lower.

If you are looking to negotiate a lower payoff with the bank, you are essentially asking them for a short sale.

Hello,I have just purchased my first duplex and been going through the place and noticed that the lower unit is paying for communal electricity (Washer/Dryer, outside lights and anything plugged in the basement). 

IF you are looking to house hack a multiunit in DC you may have to go to lower income / less desirable areas.  

Once you know that number you can make a lower offer and see if you can save money.