My second property is a 5 acre horse property here in Fallon, NV that is now my primary residence and I financed that using a 5% down conventional loan.My current goals are to have 5-10 rental properties by the time I retire from the Navy in 7-8 years to supplement the income I will loose once I retire so that I will not "have" to work again.

I would advise, when investing rather than solely looking at MLS generic market data that can be confusing, check the comps in the areas that you are investing.

This is the most difficult step.Money cannot come from OFAC restricted country or person (there is a lookup list) Here is a generic list which is not the deep dive lenders will dohttps://sanctionssearch.ofac.t...If subject to Sharia law they cannot finance, it's all cash.Gifts to family in the US are allowed but have reporting requirements, but I don't think that is what you are asking.More than $100000 to one person they fill out Form 3520 with the IRS by April 15th of the following year and it is taxable to IRS and State of location.

Sam - you definitely don't want to just use a generic contract for this.

Just want a couple houses to supplement retirement?  

Business is booming here as I work in remodels and repairs while supplementing my investment properties.

Did you have a side hustle to supplement your W-2 income?

House hacking income is supposed to supplement your payment, if it overtakes it - fantastic!

Also advertising on FurnishedFinder, Craigslist, and Facebook will help to supplement.

@Waylon Zook, Nope, the draw schedule is very generic and doesn't say anything about dates or scope of work to be done prior to payment.