My son is in the military - and will be heading to Tucson AZ in a few months. 

Hello everyone,I’m currently in the planning phase for a development project just outside of Santa Fe, NM.

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.

The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base.

You can rent to primarily military.

I’m a 23 year old military member and upcoming veteran :) !

During this time, I found myself unemployed and having difficulty finding a new job due to not completing my degree or having formal training beyond high school or military.

Upon further investigation, I found several more properties under similar circumstances.At first glance, it seems possible that these properties were either gifted to the nursing home by former residents or claimed as repayment for services rendered.I’m new to real estate investing, I’ve been in the education phase for the past 2-3 years.

Have you thought about this approach or considered a phased plan to build up your portfolio?