I am in the military and stationed abroad. 

Asking Price: 260,000ARV: 240,000Offer Price: 210,000 20 % down on 30 yr fix 4.125% conventional loanClosing Cost: 10,000Target total cost: 220,000Monthly P&I Payment: 1,800 - 2,000Annual Tax: 9,275 Potential get down to 7000 - 8000 Rental Income: 2100 - 2400 Potential 3500 if sublet by roomPotential cash flow 600 - 1200 monthlyRenovation budget: 20,000 (needs kitchen)Features: 6 Parking SpotFinished AtticFirst floor office space2nd floor 4 BRNear Train station to NYCIs there any other thing I need to add and what do you guys think?

My husband is active duty and we buy at every duty station it makes sense.

I recently separated from the Navy and moved with my husband who is an active duty Marine now stationed at Quantico.  

Location is obviously key if you are looking at other areas (closeness to station, shopping, schools) etc.In addition, in more rural areas, people tend to rent units for families rather than for single occupants.Last, I hear it is really a nightmare to attract tenants.

Did you go the police station and ask the cops?  

There is crime "everywhere" and even affluent neighborhoods can show up as "hot spots" when, in fact, it could just be gas station drive-offs that are getting recorded.IMHO - I would rely heavily on the local team you build in the market you pick.  

There is a lot of speculation about the bullet train station being constructed near by, but the issue with water, unemployment and crime there is to be considered.

I'm in the Air Force stationed at Scott AFB, and I am really enjoying the STL market. 

The key for us has been to buy in every duty station that make sense.