It's an affidavit that deals with a lost mortgage and that the current hold affirms they are the bona fide owner with power to satisfy the debt and that the debt is then satisfied.  

So if there is high population growth as well as increased supply of properties following suit then any existing property will remain pretty much the way it is with "normal" appreciation on the property as well as only marginally increasing rent rates (due to increasing cost of living, inflation etc).

Therefore the tenant remains solely a tenant, just renting the property, until they choose to purchase.

VA loans can be used again and again with the previous loan terms remaining in place for the whole thirty years.

I believe the first time buyer grant in SC will also only be granted on qualifying properties and you are going to have a hell of a time finding a duplex for around 100k that's livable enough to satisfy your loan requirements.

Guessing a couple of those other 9 buyers wish they'd ponied up that extra $20k.Whether it'll pay off this time remains to be seen...now the fun begins...who's ready to reposition and force some value!

I would be living there to satisfy the terms of the FHA loan I would need, so my actual cashflow would be ~0 for a year.My Question This property is in a small college town and I'm wondering how I would find out my vacancy rate as well as what I might be able to charge after some rehab work.

Last year my long-term girlfriend bought a owner occupied duplex that we've been renovating with the intent of using the equity to buy a second property.Unfortunately, our relationship has soured (but maintains a good friend/working relationship) and she wants to be bought out.Issues:-I'm not on the deed (yet)-I'm not on the mortgage (5yr balloon due in 4)-I have no significant cash for a down payment but good credit and income.Goal:-Pay off current mortgage-Repay her initial down payment-I assume/restructure to get the duplex and mortgage-Pull out any remaining equity for a 50/50 split.

Your best approach should be to remain as a renter in your new area nd get a really good first hand feel for the market before you invest.

if you have assets, the lender you walked away from is going to come after them to cover the remaining loan balance any way.