Single family property that needs roof, windows and central air.  

I am active duty Air Force and currently live at Altus Air Force Base.

Yannick,Have you considered buying a duplex with conventional residential financing and renting the second unit via Air BnB?

You probably have forced air HVAC so there shouldn't be any there.

Both showed up in the city permitting so no issues there.Frame new bedroom in front portion of houseRepurpose laundry room into master bath suiteRepurpose current master bath into master closet and washer/dryer closetEnlarge openings into kitchen and family roomTotal kitchen gutReplace all windowsRelocate front doorAdd front deck and replace back deckAdd central heat/air as the house had window unitsWhen we first walked the property the front room felt like it sloped.

You could go several months with no costs whatsoever, and then get hit a $3000 air conditioning bill.My question regards how people handle this with capital.  

IMHO, Lease Purchasing is an awesome investing strategy out there but you need to have a good understanding - which means educating yourself thoroughly and having air-tight contracts.

The other major repairs are having 4 old forced air furnaces that since the house is winterized I can't verify are in working condition.

@Brian Burke  Its not often I get a willing passenger like Brandon... maybe we can shoot part of it from the air  that would be novel...If you have not been up to Friday Harbor its one of the Great private aviation destination fly ins on the west coast... 

No solid goals yet, I'm still up in the air with how I want to get started.