But the big problem with cash-on-cash return is that it doesn't account for taxes, loan paydown, or appreciation, which are all a huge part of your actual returns on investment.When you take those things into consideration, you can get a way different evaluation of the same property or market using different metrics.For a real world example of this, consider this article here about the Best Cities to be a Mom-and-Pop Landlord:"Oklahoma City is the best city to be a small-time landlord in the short term, which is when comparing rental income versus assumed monthly mortgage payment, according to a new research released Friday by real estate website Zillow.

@Craciun GeorgeI don't know all your constraints or considerations in your life. 

page=P-1562349199&preview=0 Agents can signup and build their own at our homepage:http://www.realtyinterface.com This link will show you how easy they are to setup:https://www.realtyinterface.com/create/ Thank you for your consideration and time and I look forward to hearing your feedback or any questions you may have.Rosanne Avila

page=P-1562349199&preview=0 Agents can signup and build their own at our homepage:http://www.realtyinterface.com This link will show you how easy they are to setup:https://www.realtyinterface.com/create/ Thank you for your consideration and time and I look forward to hearing your feedback or any questions you may have.Rosanne Avila

Agreement with Owner/LandlordProperty Value:  $100kOption Consideration 5%:  $5kLease Agreement:  $900/moLease term:  3 yearsAgreement with Tenant/BuyerProperty Value: $120kOption Consideration 5%: $6kLease Agreement: $1000/moLease term: 1 yearsSpreadProperty Value: $20kOption Consideration: $1kLease Agreement: $100/moLease term: First Year

I thought this would take at least 12 months but it now looks like my builder is going to move fast.As I understand it I have two considerations.

I will definitely take into consideration your input when making our final decision. 

You're not following what's happening here.First, stop referring to the Option Consideration as a Down Payment. 

@Albert Bui Thanks for the insight, Albert.In your opinion, if we chose to submit our app anyway, how likely would the underwriter consider the rent from the 3 units and the rent from our primary res (upon move out) in consideration of a VA loan?

@Basit Siddiqi yes we took this into consideration already.