@Brian Anderson You are getting some good advice from @Bill Gulley and @Steve Babiak but I will expand or condense a little:Get the property under contract with the proper contingencies in place and ample time (if you can).

If the space cannot be absorbed into an adjacent apartment, my second choice would be storage lockers - unless each unit already has ample storage.

I believe 900/month is an attainable market rent, but would obviously like to minimize turnover since that will be worth far more than the extra 25/month.I'm considering countering with 875/month if they'll sign 2-years.

Once you determine your goal, you then need to develop a strategy that will support the attainment of that goal.One other thought for you: What would happen to your rental if they closed or reduced the USAF presence at Shaw.

Your goal for passive income is attainable and may even happen sooner than you think.

That’s really amazing that you set a goal and attained it.

The former should be attainable, but not without a considerable investment of time and resources.

Make sure you have ample reserves...Don't feel pressured because of seller info..When the deals done, the property will be your responsibility so make sure it's right!!

It may be different in California but I was under the impression it is mandatory to reside at the residence in which you attained your FHA loan for.

You want to make sure there is ample room for parking as that is a big issue.