The post that began the thread was something along the lines of "Debt is not a tool to make you wealthy.

The pitch was that the land would inevitably appreciate in value, and when it did, all the co-owners could sell it to a developer and make a ton of money.

And if you go the route of establishing a longer term rental, there are some great self-management tools out there which can help you to streamline your process!

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

I can not speak to that specific market but you can absolutely self manage remotely with the right tools and some fuidance.

Thank you all for your input, it’s going to be invaluable moving forward.

Got our pre approval 240000 for the house36 down plus 11 for closing 47 total3.99 apr 1286 rentJust learned the areas max rent is 1500 for a 3/2I used the tool for rental property and it is showing 100 profitBad deal for my first rental or good?

I suggest $1M per location and work up from there.I have a self assessment tool I will DM you that I have put together for my clients. 

Watch Brandon Turner's video on breaking down cash flow and returns. https://youtu.be/T_7vhsSBi7cThe VA loan is a useful tool for veterans to acquire real estate.