When I purchased my first home back in 1994, I used my VA benefit, 100k sales price, 2k VA funding fee stacked, 102k VA loan amount.    

Being a Realtor I get to enjoy the benefits of learning the market trends and experiencing hands on transactions ,but there is still so much more to learn!!!

I have property insurance license in HI with some knowledge of underwriting, policy guidelines and adjuster point of view.  

You have to have the ability to be flexible with your plans and adjust when needed to accommodate a renter, if you want to be able to claim expenses  and show you are intending to make a profit

Having to dig up the parking lot and redo the line to the street and repave can be many tens of thousands of dollars depending on the length of the run involved and how deep the lines are.Make sure you have the full financial numbers from the seller and they verify before spending thousands on inspections to only find out sellers numbers are wrong and they will not adjust the price etc.Hopefully in your purchase and sale contract you had language such as due diligence period does not start until ALL of the items listed are received by the buyer.

One of the benefits from my side is that we can utilize a low interest rate and small down payment cause he would be living there.

I’ll let someone else really breakdown ALL of the benefits of using an agent as a buyer lol.

I remember thinking it was a great idea, but wanted to make sure before setting up something like that, that I understand the pros (so I can tell others why it is a benefit) and the cons (why we may not want to do so). 

Is it possible to occupy a unit for one month, move out, and still benefit from the 3.5-5% down payment?  

What are the benefits/negatives of each?