It's something to be aware of, and a reason to see recent payment history if the building you purchase is tenant occupied when you complete the purchase and close.  

Just low reasonable amounts.

My reason for asking is that I do not want to lose the $500k tax exemption.We have a loan of about $250k. 

The thermostat is located in one of the units, and I just tell them to keep it at a reasonable temp and remember that the other unit runs off it, and don't turn it off when you're out of town.

The reason I ask is because it will be rented directly to the business.

Dallas, along with many other markets will likely see some rocky times in the near future, but if you are buying right, in my opinion there is no reason to wait. 

So I’m a vote against for the reasons I outlined.

Ideally, I’d like to buy a SFH or small multi unit with a VA loan where we can buy at a discount or force appreciation with some renovations while living there to gain equity quickly, then rent it out or sell when we move.Any advice on some areas with a reasonable commute to the Naval Station, good schools and low crime?

Is there a reason why you wouldn't "inherit" most of the clients if you simply hung your license somewhere else when he retired, but got his blessing to market yourself as offering a similar service? 

There are several good reasons to invest in Kansas City.1.