The bank’s mtg/lien no longer exist and any junior liens should have been wiped out by the foreclosure.

By the time of my junior year I’d like to begin investing in real estate starting with a duplex/triplex and expanding on to other rental properties.

I think you'll have a really difficult time qualifying for a mortgage as a junior enlisted without BAH.A cash foreclosure fixer-upper may be doable, but you'll need the funds to both buy the property and make the necessary repairs and the foreclosure process can be a bit lengthy and incongruous with deployment or PCS schedules. 

My question is should I take his advise and find a realtor that is a junior.

Different situations call for structuring you offer differently, ie. if there are junior mtgs/liens you’ll often ha e to kick in additional funds to satisfy them, above your purchase price.A short sale can only occur before a foreclosure auction.

I am veteran who finished my time in the Marine Corps, and I am now a junior in college.

It’s technically considered a Single Family Residence with an ADU and Junior ADU.The SFH is completely renovated and leased to a tenant.

Some lenders like to see the full policy jacket, and some lenders are looking for specific BW12 language on the policy.I do believe you have a good change of educating your lender sometimes a junior level person or person that really doesn't do a bunch of flood compliance (at your lender) will tell you something that is not true usually if you get ahold of someone with more experience or at your lender and an flood insurance expert you will likely have the lender to accept the policy.https://www.fdic.gov/news/financial-institution-letters/2019/fil19008.htmlI would also ask your lender why specifically they are rejecting the private flood insurance policy.

Let's take an example where a value-add project is financed: 60% long-term debt. 4.00% 25-year amo. 5-year term.10% by a junior interest-only loan. 1-year term. 25% is LP equity with a preferred return of 8%.5% is GP equity. 

I am a current college student in my junior year at the University of Kentucky.