Plus the commission pads the negative equity for about 2-3 years (assuming 100% vacancy and self managing - which is tight).  

I asked her to call her mortgage company to see if the loan is assumable...it is!

I have not used any yet.I found a duplex that I would like to buy, as a primary residence; the FHA loan is assumable at 2-3%.  

I have the ability to assume a VA home loan.

As long as the loan can be assumed by an investor and there is no requirement to live in the property it can be done.The biggest issue will probably be the time necessary for the VA to approve. 

How many people are moving to where you want to invest? 

I want to be able to go everywhere in SA and build connections and network with the right people and just have a good contact list of buyers, investors, and just everything else. 

McCord: Hi, I have a nice house in Richardson TX under contract and when I contacted lender to assume the VA loan, I found out that the seller is behind about $40k on the loan and needs to be brought current before the assumption process can begin.

Ideally you want to find local people to network with.

I’m assuming you weren’t suggesting that I recommended concealment.