That is the best track for agents who are veterans because you will understand more about buying when deployed and the transient nature of ownership if you are still in so this is smart.

an accidental BRRRR basically.i'd rather have less cash flow but more capital to deploy than vice versa. 

It'll be tough to get into a pure investment in your area for 35k but here are a few options:- partner on the second deal- if the numbers make sense and you could get more cashflow then you could look at a higher price point but my guess is this will be difficult to find- Buy your first property as planned, and save the 35k as reserves and/or just keep it for the next down payment on another FHA after a year- find a place that needs some work where you can use that money to fix up and force appreciation to the propertyPersonally, I would look at those last 2 options where you have the cash on hand ready to deploy for the next down payment or rehab costs if needed.

We are individuals who have capital to deploy as a loan.

Most do not have that capital to deploy and if they did that's not how they'd deploy it.Gap funding an inexperienced, capital strapped investor is a terrible investment. 

without paying taxes and deploy your tax savings towards growing your wealth.

When my reserves go beyond my comfort threshold, I immediately deploy them into another investment.

Find the most profitable and least risky ways to deploy your money.

Freedom from punching a clock or being deployed. 

In Colorado Springs, for instance, the law requires that any vacation rental (excepting for a few pockets here and there) be your primary residence, but they do have a limited exception for military members deploying overseas.