Buying a foreclosed home in Oahu

[Jacob Trimble]

So my current situation is that I am active duty military living in Hawaii with my wife who is an RN. We currently have two years left in Hawaii. We have one condo which we bought being rent out and we currently live in military housing. I am pondering the idea of buying a foreclosed home/duplex here in Hawaii that my wife and I could move into and fix up/sell the last year we are here. We bring in about 12k/month after taxes and will have all of our consumer debt paid off in July. I would not be interested in buying anything until February of next year that way my wife will have her two years of job experience and our lease will be up. Again, I appreciate any advice or criticism anyone has to give, it's all very helpful. 

[Duc Ong]

@Jacob Trimble it's hard to tell what the market will be like next year, but house hacking a distressed property is generally a good plan, especially if you can add value. The biggest obstacle for most is the debt to income ratio, especially since Hawaii lenders are pretty strict.