If it’s a good deal I would pick it up for personal use though, or just resell it in the spring for more $ (used market for pontoon boats is crazy hot currently).

That is a challenge in most markets and I know Chattanooga has been hot for a while.  

People are traveling now so it will be a seasonal summer but the market will still be hot.

@Gabby Adrian turned out incredible...this is a high risk area...looks like you had a lot of difficulty selling and eventually cancelled?...

Unfortunately, with market being so hot most sellers aren't accepting the VA loan since it entails high inspection standards and it takes longer to close.

It works better now due to loose lending standards and the hot appreciating market.

Is there more to it than just an incredible deal? 

Then I wonder if that's a start of a new trend, or just because of the current hot market.

I mean, I am sure it is possible somewhere on the right deal but buying today and having 16% expenses seems incredibly low. 

I've been pre-approved for a $300K loan and am seeing that few properties generate incremental cash flow if I also live there during the first year:- Purchase 2+ BR home and rent out while I also live on-property; move out after a year- Purchase a home for myself (i.e. a condo - I know I know, condos have terrible ROI but I personally like the look/feel)- Keep renting / delay home purchaseAs this is Week 2 of my real estate venture, any feedback/insight would be incredibly appreciated -I feel like I'm also getting cold feet because while I have funds for down payment, I don't have 10% of the home price immediately saved in cash.