I’ll pay a little higher property taxes no problem.

According to the agreement, she is also supposed to pay a penalty of $200 ($50 fine + $150 for $10 per day).

From the way he describes it, I think it is an REO, so I need to make sure that he understands that with the points the seller will have to pay for the VA loan it is not a sure thing (as if anything is).Can anybody assume a VA loan?

You could check county records to see who is paying the property tax.

If you're seeking off-market deals and ok paying an assignment fee, checking out investorlift.com.

Like any market, it can also go poorly if you get the wrong asset and have a poor plan.  

Another thing you could do if you wanted is to pay to have a home inspection done.

So, you PAY them EXTRA for that.

We got it ready to rent and although we had many many people inquire, they didn’t want to pay the price we posted.

It's turned out to be quite a good deal for us both, as they are paying all utilities, some maintenance, and have even contributed to some cap ex in exchange for a multi-year lease.