Military & Property Rentals

[Kennith McLoud]

I was recently given a job offer in Kansas City, MO at roughly 70K a year. I will be a recent graduate with my bachelor’s in mechanical engineering. However, I am also on track to commission upon graduation in the United States Air Force (prior enlisted 6-7 yrs). I was offered a pilot position and will attend training about 4-6 months after graduation. Leading me to the first dilemma, housing in Kansas City.

I have no understanding of the market up there nor any market for that matter. I have been trying to find a mentor here in town to help me understand how to read listings and what to look for before I move forward. I know that I want to invest, specifically in real estate but and not sure if I should, given my situations. I know that as a military member I will have to move around a lot and I am looking forward to that, but I am not sure how I would be able to manage rental properties outside of a property manager. Many say it is not feasible for small amounts of rentals (in my case maybe 2-3 per duty station).

Because I am currently enlisted, I have access to VA loans and was fortunate enough to graduate debt free and a decent savings account. I have nearly finished Rich Dad, Poor Dad and have been listening to the BP podcast since discovering the site. I can clarify more if needed but could really use some guidance.