The presence of a major Army base and the state medical school locally helps support demand at that price point.  

I'm a retired Army Aviator looking to grow my Real Estate Investment Portfolio.

There are many local REIAs and meetup groups...I cant think of any off hand down towards Indian Head though, but Im sure there must be some.

The area is the Indian Orchard part of Springfield in Massachusetts, and this home is a bit above the median price in this market (Advice here)Here are the numbers:Three Family (Top Floor, 1bd, 600-700Mo) (Second Floor, 2bd, 800Mo) (First Floor, 3 BD, 1,000Mo) Roughly 2,400 income158,000 Purchase31,600 Down4,000 closing approxResulting in 126,400 loanP/I=603Sewer=100Insurance=84Garb=50Tax=233Building in 10% Vacancy & 10% Repair = 240/240 with a 120/mo property management 'just in case'That brings cashflow to 723 & cash ROI to 24%.

Don't want to go towards the Edgewood market so Aberdeen Md  IMO is a market that has potential future growth and there is always the need for housing with the Army base there (until at which time Congress decides to close it) I have actually volunteered with Habitat in rehabbing houses below the tracks and I agree with your assessment. 

I work full time in the medical field, was director of the 2nd largest Army Medical hematology Lab in Europe.

I work full time in the medical field, was director of the 2nd largest Army Medical hematology Lab in Europe.

We have been shopping around with the local lenders and were approved for one commercial loan with the following terms: 25% down, 4.95% fixed for 5 years, then adjusted based on 5 year treasury + 3.5%, amortized at 15 years.Other local lenders have higher interest rates at ~5.75%, but base their adjustable rate loan on the prime interest rate + 1%.Obviously, we are trying to find an approval with a longer amortization to improve cash flow, but all other things being equal, should I even worry about the index the ARM is tied to (ie 5 year treasury vs prime)?

Hello all and thank you for viewing my post.I am currently 23 years old and fresh out of the Army.

Currently an active duty Army Captain stationed in Oahu.