And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.

Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

I am a veteran as well.

After a Valentines purchase as well as a couple others, I was able to convince him this was a good move.

It is very competitive but if you utilize good resources and think smart you can do really well!!

Well that is a bonus @Collin Hays!

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.

As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!  

Some credit unions or local banks offer portfolio loans that don’t stick to the 4-unit limit, which could work well here.

If you can find an investment that pays for itself, you won't be so nervous about investing.I also recommend you educate yourself on how to manage well.