It was not until I read Robert T.

I’m interested in finding someone who just simply cant afford their mortgage payments anymore and they want out.

@April DillonBy "fair," do you mean cheap/affordable?

We've decided on Greenville, SC for a few reasons... we've heard great things about the market, affordable housing, and we've got good friends there to help us along the way.

Just because you have 400k in equity doesn't mean you'll be able to afford to pull it all out. 

Put NOI in the numerator and divide by Annual Debt Service, must be greater than 1.25x.Costs for repairs really depend on how much asbestos you have (you might not have any) and cost to replace K&T wiring (depends if the wiring is accessible from a drop ceiling, in an exposed basement, open attic, or behind plaster walls that will require some cutting and patching. 

If you are a start up doing this all yourself....or looking to hire your first team member....you have to gauge on when you are starting to feel overwhelmed and IF you can afford it. 

We are focusing to offer and developpe in that ideally located area, 20 min from Beaches or Downtown, high quality turn key family home below a Million dollar.there is a huge demand and need for renters living and working in the west side and surrounding who can't afford to buy where they live.

If she didn't quality for Section 8  and I thought she could afford more, then I'd give the required notice and raise the rent.  

Then you can use it as rental property (or resell it) and then you can do it again with another VA loan somewhere else.Now what I do question is how much you are going to be able to afford as a junior enlisted in the armed services, even with the off-base living allowance included.