New Investor and Newport, RI Market

[Nick Deterding]

Hello Everyone!

I am new to the rental property investing but I am looking to get started soon! I am currently serving in the Navy and will be heading to Newport, RI for more training. This training will be 6 months long until I move again which is why I figured I would ask the question here.

Should I look at buying a house in Newport, RI to basically Live-in/rent while I am in training to then turn it into a rental property once I move on to my next duty station or should I just wait until I get to my duty station after schooling?

I have not used any of my VA Home Loan (granted I do not know too much about this) but I know it is definitely worth considering. I also know that the markets in Newport fluctuate a ton depending on the seasons because of how "touristy" Newport is!

I would love to hear as many thoughts and considerations that many of you may have for a new rental property investor! 

Thank you!

Nick