Then there are suddenly all of these articles about the market slowing down and buyers get scared about buying at the top and keep renting instead, which then further slows the market.

I’m sure that’s normal for regular home buyers but I feel uncomfortable with it bc no one has shown me the effort I’m looking for.

If the property doesn't match that, then you move to the next prospect.

Thanks again  If you don't make it your primary, then your spouse does or it has to be like 100 miles from your duty station w/ intent to retire in it.But also just another FYI, both FHA and VA are huge pains for the buyer/seller.

Details: Purchase price: $50,000Loan amount: $40,000Down payment: $10,000Interest rate: 6%APR: 6.404%TIP: 116.332%Monthly principal and interest: $239.82/monthEstimated Taxes, insurance and assessments: $292/monthEstimated total monthly payment: $532Estimated closing costs: $8,247 (+$10,000 down payment)Breakdown:Origination charges: $950Appraisal and all title fees: $1,862Recording and transfer taxes: $800Prepaid homeowners insurance and interest: $697Initial escrow (2X months Homeowners insurance + 12X months $250 property taxes): $3,000Other (buyers personal attorney fee $450 + Title-owners Title Ins $405): $855Thanks again so much for your time and input.

I just talked to a realtor (he's the one who said its un-useable b/c it's shown as wetland on county maps) who said it might be worth $10k maybe, but he didn't think you could easily find a buyer so therefore it's not even worth that much. 

I don't respond to prospects that don't follow simple instructions.   

I think the prospects of building smaller units 2-4 in prime locations are not feasible but I think there are pockets in the outer suburbs where land values are cheaper where it may work. 

People are often evicted from places when ownership of a property changes hands for no reason other than the owner wanted to sell the place empty or the buyer wanted to start with a clean slate of tenants of their own choosing. 

Even if they would I don’t think it would be the right thing to do just because you can’t find a buyer.