I am currently active duty military and looking for investment options for the property to create a passive income and build wealth.

As a broker specializing in rental properties for the last 20+ years the worst stories I have heard came from landlords who became friends with their tenants.  

If you have any sort of injury you suffered from the military, GO TO THE DOCTOR and document it.

@Namal Burman I can suggest a great CPA who specializes in REI clients.

I like the fact the Little Rock is the capital of Arkansas and there's a couple military bases that are north of town so there's tons of government jobs.

Hi Sahara,I am an agent and property manager specializing in STR's here in Big Bear Lake.

So we specialize in higher end single family houses in great neighborhoods.

References from their previous investors can be valuable for you.Legal Due Diligence: Get an attorney specializing in real estate syndication to review the offering documents, operating agreement, and any guarantees.These are the basics of conducting due diligence for syndication.

I would recommend reaching out to local property managers who specialize in Section 8 Rentals to get a better sense of what timelines are looking like for section 8.

It goes without saying that you should get the lease agreements as soon as possible so that you can have some transparency into the number of occupants, the rent, any agreements, utilities paid/not paid by the tenant, parking, storage, responsibilities like lawn/snow, expiration dates, special clauses, etc.