You can't just talk about something in mid air.  

I just commissioned into the Air Force about a year ago and I plan on getting into REI in the next year, probably when I PCS around next March/April.

These units are relatively basic, they have individual room baseboard heat systems and wall mount air conditioners (1 each), so not nearly as expensive to replace as a normal HVAC system.  

In addition to what was already mentioned, in my area finished basements and central air adds brownie points around here.

My partner and I actually went and established an account with TD Bank in the Bel Air area last week, a day or two after my post.

The space has central air and electric but the previous owner did not put in plumbing.

Since yours is a smaller house, and you dont NEED central air, nobody in the area has it, you should be able to get the rehab done for WAY less than 40k.

I'm 27 and have been in the US Air Force now for 9 years.

In many cases, the hands off approach is catastrophic... when you're dealing with low-income, low-information, low-skill 'general contractors' (I cannot use enough air quotes)We're a design build firm.

Its call "air hunting" I believe.