I feel like its a BS...But I know nothing about AC's...What do you guys think?

If you want the reward of 3/1 ARM refinance to save your 600 cash flow per month and you're okay with the maximum reset at the end of 3 years and you've planned your plan A, B, C exit strategies then you'll have clarity for 99% of possibilities that come up.It may be good to sell your primary if your current primary is not providing you much interest over your standard deduction.

However, I will be exiting the military within a year and half and will be pursuing a higher education with a BS of Business, specializing in investing.

Can you share with us what type of neighborhoods you are focusing on - are they A, B or C? 

Here is the property details:Duplex - 2bed/1bath eachEach apartment can rent for ~$1100 as it standsReal Estate taxes: $3100 per year Owner pays water and sewer - which averages to about $100 per monthPrice of the Property is $272K.In a B/B+ area, stable renters and vacancy rate should not be too much of an issue.Currently I pay $800 in rent in a different area.

Using the $ listed, purchase a "B" property and begin the cash flow, tax deduction game then continue to roll into others.Obviously, with a potential short sale and big credit ding, typical financing is not an option and thus, neither are the numbers to make this work.

I like to have thought through scenario A, B and C before I go to the owner of the property.By having thought through a few different scenarios when the conversation takes a different direction it is easier to adjust your thought process and become creative.On other posts I discussed buying property on an option, similar to stock options, who new.

I find them a home that they can purchase around $50-$60k, I work out a deal with the seller to do an A-B transaction with them and me. 2.

I find them a home that they can purchase around $50-$60k, I work out a deal with the seller to do an A-B transaction with them and me. 2.

The horror stories about 6 months or longer come about when the bank's short sale package instructions say, "We need A, B, C and D."