I have experience with all of this, BUT I am respecting the request of my investor.

$50K would be a be enough for a respectable entry into syndicated multi-family projects in all Texas markets, imo. 

Respectfully Submitted,Grant

If he has any remaining self-worth whatsoever he will talk - about how much he respects you.

I can respect the "safety net" aspect of it.

If I expect good from people I tend to treat them with more respect, more patience, and more professionally.  

I respect a husband/father who provides stability for his family over someone who may strike it rich but also may strike out and put his family at risk.The only thing I would recommend is that you 1st invest in your roth IRA (since you don't have a job yet), 2nd into your 401k up to company match, and 3rd into real estate.  

With respect to the limit on financed properties, a lender will do research and see that there is a property in your name.

Remain respectful to your tenant.

As for the service act that allows them to break a lease early, not sure it applies to a foreign serviceman, but you would respect it because you don't want to be on any blacklist at the base.