Welcome Bill,I'm PCS'd from Pendleton 2 years ago and kick myself in the butt everyday for not buying. 4 years their and $2,100 a month in BAH straight to base housing when Fallbrook was filled with below market value foreclosures.

Also, your score isn't only affected by keeping below a 30% utilization rate overall for all your credit cards.

(aka below what on market prices are giving)My question is..Has anyone had any experience doing a direct mailing campaign for a person property (preferably a 2-3 unit) where they used a conventional (or first time home buyers program) to fund the property?

Live below your means.

Freddie loans are non-recourse (banks will be full recourse), Freddie can offer up to 80% LTV (banks will top out at 75%), Freddie will offer 30 year amortization with interest-only (banks will be 20-25 year amortization with no interest-only) and Freddie's rate will likely be lower. 

It could even be low for some areas. 

On the note it says why I got the property for a value so far below the assessed value.

Hi Pandu, happy to help, might be best to set up a call, you can find more info in my signature below.

Here is a specific example I am looking at now:Purchase price: 75kAnnual tax: 1,670ARV: 200kPurchase Closing Cost: 5,295Estimated Repair Cost: 25k----Loan---- (Here is where it gets a little tricky for me, see below)Down payment of purchase price: I am getting offered a HML for 90/10.

My assumptions are below and are based on scanning website listings and calling other landlords.