All additional insight s are welcomed and much appreciated BK Hello, I Know many from around the world that have been buying there for many years.

You can also offer to refi within "x" number of years so they eventually get the entitlement back.

I am in the process of getting my contractors license, and i could have it in a matter of months.

As for the 2/1 unit There is a long term tenant (10+ years) that has a great relationship with the landlord (they seem to be friends as well) and has been paying rent on time ever since they have been there.

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.

I sold it at a great profit a couple years later, when I decided to move away.People are often afraid of the unknown regarding having to put in a well, especially, and are happy to pay a premium for a place that already has one in place.So, I guess it's more of a land "flip."

Ok I have been in commercial real estate for 20 years.

The play is a 3 to 5 year hold, raise rents to get the valuation up to 600K and liquidate to 1031 into another investment.

The residents I've dealt with through the years tend to complain quite abit about the rent and additional fees for things they don't want. 

@Clayton SilvaI think you covered a lot of the angles - the answer is “it depends” - every person is in a different situation and stage of life and some may want to pay points and others maybe not.Right now I would not be buying down the loan knowing the fed will lower rates, which should slowly bring down the 10 year T which would then lower ratesFor me I would guess I would refi within next 3 years so I wouldn’t pay pointsIf I thought I was not gonna refi within 5-7 years then yes pay points