Some reasons..Save money. 3% Buyer's Agent (Selling agent) commission applied directly to closing costs. 3% Listing commission straight in my pocket.Be self sufficient.

As long as one parent has sufficient income to meet your guidelines I don't see it as material.

The only thing you need to close the deal is a sufficient appraisal.

I Should have started the day I joined BP because it's so easy to connect on topics of your choice.

You will need to have sufficient income to qualify for the purchase.

Here you have a choice between tax on income (i.e. a flip where the property is considered inventory) or capital gains tax (on an asset purchased for the purpose of generating passive income ... i.e. buy and hold).

I am hoping that i made a good choice in buying it.  

Secondly, once you can force the value up sufficiently, have it re-appraised and do a cash-out refi based on the new market value.    

When I was exiting the military, I was also dating a wonderful woman.She and I decided to start a family, and the house that i purchased before we were married (3 bedroom, 2 bath, SFR) was no longer sufficient when we were ready with child number 3!

The higher the cap rate, the faster you’d earn back your investment capital, and the better the investment choice.