We have high taxes in CT, yet I'm satisfied with my ROI on houses that barely break the 1% rule.

So you can see we are basically barely meeting demand, if that, as prices continue to appreciate.  

- Write in the addenda that I've allocated $X,000 towards bringing the property up to bare minimum VA standards.

@Jonathan Pflueger all jokes aside, everyone else that is paying a lot of money for properties that literally can barely pencil sometimes with Property Taxes, Property Management and Insurance alone.I think people get caught up a lot on the BP requirements.

@Brock PeelHi Brock - I understand your market and your plan as I did the same here in Kitchener.First investments were 5% down and rent barely covered all expenses leading to a small cashflow.Over the years I have not pulled out equity yet - however within 9 years my equity position moved to 50% loan to value from 95% and my rents moved up from $1200 to $1500.

If they barely meet income requirements now what happens when they have to pay for daycare and diapers?

Sounds low with the current market conditions.Either way, with those terms, like you said, you BARELY have any cashflow, or money for emergencies. 

If all you are doing is calling contractors from afar they will do bare minimum and take shortcuts to make it more profitable to them.

I hope you emulate The Donald in every way (except the pink tie) :D

If you cancel it after a week, no refund.You selling costs seem low. 7% is barely more than the RE commissions.