@Todd Douglas must have a knack for finding those "diamond in the rough" properties!

I would say as an agent if a property is in a rough area I don't put signs since it can attract those bad apples or get stolen. 

I’ve taken care of all my debt and am pre-approved for roughly $220,000.

My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.

I looped in the owner of the company but things are still pretty rough. 

I've identified a piece of land that is off market and able to be purchased, roughly 40 acres.

I am about to pay the land cash 500K, then build 10 apartments for roughly 1.5M.

From there it's up to you on selling. 8 years you should be not breaking even unless this place is in a rough area or needed a ton for repairs over the years.

It attracts a rough tenant pool.

I feel I'm on the low end, but my COC return a year later is roughly 14%.