That's one additional factor that goes into my rental estimates.

I would maybe consider a percentage of profit in addition to normal rent?

I agree to pay buyer closing cost and additional for minor repair.

The last thing is that you've simply brought an additional partner into your management.

I mean you have been doing it already and since you can cover you debt service buying an house that will provide you two additional sources of income if you can make it cash flow that can also help you pay off your current debt, and as you pointed out you would also have a long term asset that should reasonable go up in value as well over time.

The kick is, if the company profits the first year, the family will invest an additional million and every year thereafter.

My wife was also in the military so i can relate to your situation. we ended up having to owner occ our forst 4 plex under my Va loan for a year then we applied for an additional Loan for another 4 plex using her Va loan, which we currently occupy.

In addition, a home that is updated and clean is going to sell faster than one that needs work.

We do allow for up to 2 pet dogs with additional pet rent and additional pet deposit.  

When I walked around it today it looked like the building had a fairly shotty addition put on at some point.