The question is if because it has large principle component would it change the way it looked at by the IRS vs traditional P&I Sellers financing.

I'm still new and have a tiny portfolio compared to many others, but I'm over the first step and constantly falling back on this quote and writing my goals to keep this thing moving forward. 

What about traditional financing 

Rent-O-Meter has the rent at $934 for that area.My strategy is to develop relationships with loan officers that have relationships with people that can afford a home but can't qualify through traditional means.

One thing to remember,  what you would make on leasing this out for ag use is pennies compared to return on other real estate investments.

Most builders have their pet agent who is constantly sourcing and here is how it goes.the agent will find the dirt charge NO fee to the seller thereby getting seller top dollar compared to some wholesaler low balling them.. and then the agent gets the list back on a brand new home.. 

I started buying property in Manchester towards the end of college but did so utilizing mostly private lending as I certainly didn't qualify for traditional financing.

Look at what your Interest rate is currently compared to what you can get now. and then compare that to what you are saving by removing the PMI.

Unlike a traditional loan I hear that the USDVA loan is basically designed like a VA Loan, but it's designed for Fixers.Also...If you're trying to build a portfolio up why not do an FHA203K Loan FIRST.

Granted, if you find a deal where you can purchase both sides of the duplex, you can get a traditional loan that will treat the purchase as one mortgage.