Now, you need to figure out how to find deals and pay for them.

What can I expect for timeline, potential issues, rough costs? 

With the fires in CA, you can expect materials and contractors to become even more expensive. 

@Daniel Vo, sent you a message but I am proof that you can start in your late 30's and figure this all out while still serving and setting yourself up to grow even more when you retire from the military.

It is a get rich slower scheme, but with less risk.How do you figure a paid-off property throws off more cash (per month, yes, but in comparison to how much you put down?)

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.

First thing I recommend is to figure out your target market.

@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.

I have nicer Class B properties and it is expected that the applicants have a good record. 

I guess that kind of vitriol is to be expected coming from someone who doesn't even have his own picture in his profile.