If you decided to move but not sell the property, you will have reduced or no VA benefit available on the next property that you purchase.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

For the example above the lot was sold for $800K+, which further reduces the budget left for construction (demo existing property, clear the lot, excavate, etc.). 

I try to do repeat business with the same lenders in order to reduce the POA factor :) If you don’t mind sharing, I would love to hear what happened in 2010 that has made you swear off the banks.

Two or three buyers that walk, and the seller's position may soften and your "bottom-feeder" reduced offer may start to look a whole lot better if there is no one else on the dance floor – then you start making money.Hmm, Do you see a theme here?

I live in Dallas and just retired from a stressful job as a business owner with 30+ employees.

So with that said I figured I'd drop some out of state best practices for you to keep in mind as they should help you reduce risk no matter where you're investing.Don't buy in the roughest neighborhood in the urban core.

I wanted to get some feedback from experienced investors on how to reduce the loan amount each year to pay less monthly payment..It shows if putting 25% down that is $231K and  a loan for $693,750.   30 years at 4.25The NOI is $49,560  and the projected debt service is $40,954  the cash on cash is 3.72% thenSo before tax cash flow is $8606Doesn't seem like a good deal and how can the monthly loan payment be reduced? 

I want somewhat of a newer home since the property maintenance reduces and you can hold it much longer, as mentioned in (1)75K down payment is also fine with me, as I mentioned earlier, but not willing to beyond that.

Unless I can find a way to drastically reduce the amount of cash I have to invest in this deal to make the cash flow work!