In Greece at least, the rental taxes on individuals are considered quite high (i.e. up to 12k is 15%, up to 23k 35% and from 23k upwards is 45%), while if I open a Company I could be taxed with the corporate tax of 26% on the bottom line result (instead of the top line on a personal level), where I could also include my corporate expenses.However all your points regarding interest rate and leverage are valid, and probably more significant than the taxes (which start existing after your asset base has significantly increased).

So far the quote I have is as follows:- Run Tru unit at $4998 with 10 year parts and 1 year labor warranty - Trane unit at $5741 with 10 years parts abs 2 years of labor warranty.

I'm not familiar with a transaction like this...would this be similar to a warranty deed?...

The other benefit to buying new is often the major mechanicals are warrantied and your maintenance costs are drastically lower and somewhat predictable. 

So to run it down:1) Taxes are low- go to the town site to confirm you have all the taxes.2) I see no water/ sewer listed- do you have them3) Where are the rent rates coming from (source validate)4) The insurance is also very low.

Sometimes a lender will accept an exterior only appraisal.Now IF an inspection that a property meets VA standards, is part of the VA loan process I think the buyer might have a valid argument.

Hey Elijah,you bring a lot of valid points and concerns to the table. obviously, as with all investing it is subjective.you need to clearly define what works for you and why your doing it.. with cash-flow being great it will create the ability to look at other opportunities sooner with cash in hand(remember you don't need to do it all yourself) However, on the flip side of the same coin there are several liabilities.

That is a total of 3%-4% going to selling process now, why 3%-4%, 2.5%-3% to the buyer's agent and then 1% (estimate) to escrow fees, title fees, Home Warranty, deed recording, NHD, Termite Report, and more.

Comps that are within one mile are not valid if the comps in the same immediate area, show a different number. 

The codes stored are still valid.