Real estate risks can't simply be quantified by historical returns.So a lot of these risks (e.g. tenant risk) are weighted on a subjective basis by the individual taking on that risk. 

Yes you are losing out on market gains but you are gaining appreciation on the property, cashflow from rents, tax benefits, etc..... 

And if you convert it to a rental you’ll be facing a $200k taxable gain. 

As I continue to gain more knowledge, I am intrigued by the opportunities that real estate investing can afford while on active duty. 

I'm a newbie tooSelf education through books is a conversation between the author (mentor) and you.You'll gain knowledge, connections etc but it takes timeAttending meetups, listening to Youtube videos on subject matter further broadens knowledge base

Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.

I think there will be a market for it and you will gain some market share, but I don't think there will be tons of profits coming in.

Beachfront or properties near attractions tend to perform best.Mid-Term Rentals (MTRs): These are gaining traction, especially with traveling nurses and remote workers.

Those were very good areas a couple of years ago when people were less aware of Ocala but it's gained in popularity so it's become tougher to make the numbers work, but there are still deals to be had, especially for rentals.

So the initial appraisal for the refinance was good at the time, but now the As-Is is not gaining traction with buyers.