By day I am active Army but getting out within the year. 

Now this is my question...background I'm currently in the Army with about 5 years remaining.

I was reading a book on investing in real estate (The Unofficial Guide to Real Estate Investing)and I just finished the chapter on funding sources and the book mentioned three types of conventional loans (my most likely source of funding), fixed rate loans, no-neg ARM, and neg-am ARM. I

Don't forget to contribute to your favorite animal advocacy and put a few coins in the slots at your local Indian casino, just as a way of giving thanks.

I'm an Army veteran and civil engineering student at the University of Connecticut interested in buying my first duplex with my fiancee in the Vernon/Manchester area.

Welcome @Gregory Evans , I wish I would have started RE investing when I was on Active Duty in the Army.  

Thinking of refi with 5 yr ARM.  I

Since a LOT of serious stuff is already taken care of here goes.I would look for 1) War Bonds in the walls.2) Old Newspapers3) Mementos from the Civil War4) Old Indian Burial Grounds.5) Personal Notes from General Washington .

I've got a military scholarship contract to fulfill with the Army until 2020, but after that the world will be our oyster.I would say I have little experience in real estate, aside from a townhome my wife and I bought in 2008 that turned us into accidental landlords.

Brand New 3 Bedroom , 2 Bathroom, 2 Car Garage, 1445 SQ Feet under air Purchase Price is $131,900 Seller paying All Closing Cost , Plus 1 Year full Warranty...Rent in the Area ranges from 1,000 - 1,500 per month, based on comps this property will rent for $1200 - $1300 Per MonthBased on a 5 year arm I expect my Interest rate to be 4.5% as a investor20% Down Payment $26380 , Mortgage amount $105,520.00Payment                             Principal                                     Interest534.65$ 138.95$ 395.70HOA $42 Per monthInsurance $50 Per MonthTaxes = $150 per monthTotal PITI & HOA = 776.65 & Misc 23.35 = $800 per month Positive cash flow per month $400.00 = $4800 per Year or +/- 18% return Cash Flow + Principal = 539 per month = $6468 or +/- 24 % Return on CashCash Flow + Principal + Appreciation of 3% = Total of $10468 or  +/- 38%Additional I believe over the 5 year rent and hold the additional rent , plus real appreciation of 5-6% will cover all selling cost , offering a 5 year return of 190% ...OK, Let me have it