Originally Posted by BarbWire
I have an on-again off-again realtor in the area who thinks it would be a sound move and would represent me as buyer's agent. It is in the county rather than in the incorporated city limits, so I am researching what that means.
Since you are buying a friends house, FSBO, (IMHO) you need a house inspection and a lawyer, not a buyer agent realtor who will take 2% -> 3% for doing practically zero work.
As to the original question: rent vs buy.
How much would rent cost in the country (same area) vs buy and lose 5->6% when selling 2 yrs later ?
Usually renting in the county rural area's is a lot cheaper than city, so make the comparison equal.
Could you rent from your friends for 2 yrs ?
Note: if you are buying in a rural area, it could take years to sell as some rural areas move real estate very slowly.