Am I over complicating this or is a good way to accomplish what we're looking to accomplish? 

This property was a bit more complicated than most, since it was technically still owned by the estate of the mother, and probate was never done, even though she had passed away in late 2012.

@Chrissy Disch It doesn't have to be anything complicated.

It went through foreclosure, and went to judicial auction with minimum bid of $180k.

It's not really that complicated to buy out of state.

(and usually end up choosing either weird/complicated investments who's return isn't any greater than a mutual fund).

It's not really that complicated to buy out of state.

This will help when it comes to owning this for free or close to free.Now, here is where it gets a bit more complicated.

I expect to move every two years, which isn’t enough time to recover closing cost, etc and might have to float the mortgage while finding another place for the family and oh btw my BAH may decrease at my next duty station which further complicates the problem.

It's one thing if you wanted to get into note investing and that were an exit strategy you'd have in your pocket, I think it's way too much if it's your chief strategy.I agree with Odie that this is too complicated for your main investment strategy.