The school predicted (correctly) that lawsuits are a growing part of modern life.One of the real estate cases (New York State) I remember discussing was decided in an era when buyers had the duty to be aware of what they were buying.

With a first walk through I'm more concerned with risks than benefits of adding rooms/baths, etc, because I'm looking for buy and holds not short term flips.Biggies (for me, other people will have different lists): foundation issues, roof issues (look at the roof itself and any signs of water damage on ceilings and walls), mold (beyond a little where things need fixing), leaks in showers that are hard to get at, squishy subfloors around toilets and tubs, termites, knob-and-tube wiring, ungrounded, two-prong outlets, no central HVAC (this is all about your location, some places this is fine), and to a lesser extent water heaters.Heavy duty foundation or mold issues I would pass up, the rest I would consider in my offer price. 

If your active duty, you can get your BHA to live off base, buy a duplex, have 1 side rented, then the other side paid for by the military. 

@Akeen Felder In addition to @Russell Brazil's point regarding net listings, there's also the issue about "fraud in the inducement", meaning that you entered into a contract to purchase a property when you had neither the intent nor the ability to do so.Further, your state licensing laws may have something to say about whether you owe a fiduciary duty to the seller.  

The Board of Trustees owes a Fiduciary Duty to the owners, and this president is cleary taking advantage.

When investing OOS, trust and communication is vital.

So, I have total respect and gratefulness for active duty and veterans for their service to our country. 

You must use thicker/higher quality laminate for a rental. 4mm is only suitable for light duty.

There is a housing shortage for all the active duty military stationed there.

I found out the hard way that if you are literally within 100 miles of a property you already own, then FHA will NOT give you a loan.Here's what you can do.Wait until you get to your next duty station and then use the fha loan  orGet a loan through Navy Federal Credit Union (You do not have to be in the Navy, you simply need to be on active duty in any branch of the military or honorably discharged)....yes they will let you go zero down with no PMI and you can use it while you have a VA loan in place.