BAH is what the military gives me to live out in town, which for me in Norfolk, Virginia, is 1500 a month.

For example the BAH is not taxable yet if used to pay mortgage interest you can still deduct your interest.

Total rent collected (C) = A + B.PM files 1099 = C, HUD files 1099=B, IRS think I made B + C, which I did not.I contend that that PM should only be reporting A, since they know the exact amount each month that they collect from tenant vs what HUD sends in.There does not appear to be any real IRS rule on this.

I would highly recommend moving out of military housing to bank on your wife's BAH. I

From what I just looked up, the Fort Hood BAH is anywhere from $945-$1869 (depending on rank and dependent's).

The money from BAH is a guarantee for the most part and getting officers (Lieutenant, Captain, Major, LTC, are best).  

BAH is an amount given directly to the service member, the amount they received is based on several factors like the area (each zip code has a different rate) and whether the service member is married or has children, and their rank. 

You can use 75% of that $2000 to help you qualify   $4000 + ($2000 x 75% ) = $4000 + $1500 = $5000/mo is usable income to help you qualify for the home purchase.Now, there are many other variables to help you determine your purchasing power, but it really does depend on how much eligibility you have left, what your BAH is at the new duty station, and if you have a history of being a landlord over the last two years.As I mentioned, I'm a lender that helps a lot of active duty and veteran folks.

Just consider your market I found that I look for a deal that I would also be happy living in so I buy homes with 1400- 2400 square feet 3-4 bed 2.5 bath and I make sure BAH is going to cover all expenses. with my NC home I pay about 1.1k in monthly expenses and I rent it for 1.5k.

So based on what you are saying, it is safe to say that I am getting a ba Hi Dan, if you are putting down 25-30% with a 763 credit score, you should likely be able to find conventional pricing without points (or at least not much in points).