Interior French drain system around all perimeter walls, with a sump pump.

Save your money while in the navy so you have a big chunk of change to start when you get out!

The house would cost between 10,000- 13,000 to get it modern Living area, throw in some French ddoors and enlarging the Windows in the basement.

We got started buy buying personal properties and than renting them out when we were transferred (husband active duty Navy).

.$175,000 Loan gives me an $850/mo mortgage (30 yr. at 4.10%)Money TalkNow lets make some conservative assumptions:5 Occupants: $750/mo rent X 5 Occupants X 12 mo = $45,000 gross incomeAfter taxes (assuming I pay 35% taxes):  $45,000 X .65 = $29,250 gross incomePay 1 year of mortgage: $850/mo X 12 mo = $10,200/yr mortgagePay property manager 7% of gross income: $45,000 X .07 = $3150/yr property managerPay a maintenance $300/mo for lawns/repairs: $230 X 12 = $3600/yr maintenanceNow for total profit: $29,250 (after taxes) - $10,200 (mortgage) - $3150 (pm) - $3600 (maint)Total of: $12,300/yr after all is said and done ($1025/mo).ReinvestingI plan on putting all of the money back into it, so: $850/mo (mortgage) + $1025 (reinvest) = $1875/moTherefore: The building will be totally paid off in less than 10 yearsBackgroundI'm in the Navy, so I'll be deployed for months on end without communication.

My husband is active duty Navy.

examples of things I have found and come up with: Staining cabinets and getting hardware, Deals on Crown molding on the secondary market, new light fixtures add a upgraded feel for cheap,French doors from the secondary market.  

My husband was in the Navy for 10 years and got out a year ago.

Having worked for a mason for a few years after getting out of the Navy, one of my main jobs was to fix exterior brickwork.

Navy to Navy is solid.