. $120k, but would like to do $75k down and keep about $45k for remodel unless we can finance itSource of down payment funds, if applicable: current home proceedsIncome Source: Salaried plus commissions/bonus - but both wife and I have to qualify with base pay only since we do not have two years at current employers.FICO: ExcellentI think seller financing the whole thing is too risky to us (seller wants $100k down and balloon in 5 years).

@Hakeem Valles I agree, we'd love to rent just to military members, but what is hanging us up is you can't turn a regular civilian away if they're qualified...

Those are all easy jobs that require sweat but not skill.  

For these bigger projects, qualifying for LEED certification can become important depending on all the grants, tax benefits, and other "funding" factors.

How are you going to make more money off of commercial if you are not in the industry now and have the skill set?

I've acquired some wood working skills.

I am an aircraft painter by trade, based in Bangor; but my long hour work week and little appreciation for the ethic and skills I bring forth do not coincide with my bigger goals in life.   

But based on the percentages the bank I'm working with wants (43%) I can only qualify for so much mortgage.  

The VA also will not allow the use of future rental income in qualifying you, unless you have landlord experience.

HOWEVER, I also don't have any drama or issues once I DO fill a vacancy.I would say drop the price a bit, but make sure the tenancy ends during the spring / summer so that the next go around you have a much larger pool of well qualified tenants.