It's two blocks away from a train station, and there are 4 new large apartment complexes being buildt close by the train station.The nearest listing for rent in the area is around 900+ for 1 bd 1bath apt and is the same style as ours will be.I'm a complete newb at this other than having DIY skills, books and BP.So here's the things I need help with, The floors in one house are sinky and flex when you step on them, and so are the stairs of the other.

I am a Marine stationed in Twentynine Palms, CA.

I also happen to own two homes in Lawton, OK, myself, when I was stationed there (Field Artillery). 

We have been presented with a multi unit deal in a neighboring town from collge station:  here is my analysis and why I would consider the deal, but this is my first multi-unit deal and any advice would be extremely helpful.Sale Price 1.42MMBuilt in 1998, recently rehabbed12 Units at $1150 per unit The financing I am currently working on is an 850K 30 year note from bank @ 4%570K seller Financed note@ 5%Taxes @ $25,131Insurance @ Est: $9KRepairs at 7% ($11,500) AnnuallyVacancy @ 8.33% Shows 20K cash flow per year.Would you do this deal?

Philly is not far if you use Amtrak and many neighborhoods are on the come up.Connecticut is getting new Metro North Stations and many of those stations are an hour awayDelaware is about an hour and a half on Amtrak and many law firms are moving there as well as credit card companiesJersey outside of Bergen county may also be good both price and tax wise. 

With commuter rail stations established and being proposed all across this region it is a great place to live affordably while still having convenient access to the city.Thank you!

I am new to REI and recently moved back to GA where I was once stationed.  

Stationed in Japan.

In addition to networking with investors on Bigger Pockets, have you explored the idea of teaming up with a few guys at the station?

When we were transferred we rented it out and bought at our next duty station.