The problem with the high cost of entry and the time required to get the killer appreciation which come from owning property here.  

@Dakota Hicksjust my .02 save it, a big storm comes through you may have 5-10 deductibles at 2-5k a piece that's a killer.

There are proven benefits and I think it is insane that we deny people marijuana in a case like this, yet doctors prescribe highly addictive pain killers like they are selling popcorn at a movie theater.

That same deal FHA, by contrast, would be about $122k down.So to be clear, veterans are ALREADY getting a pretty freaking amazing/killer deal.Once you start mixing and matching VA/FHA in with refinances into conventional, veterans can ALREADY "owner occupy house nomad -> rental" pretty damn effectively. 

AS stated by @Andrew Davis and others, beware of the Condo FEES...they are killers.  

If you want to spend a little more there are some great deals on multifamily  in Aurora that provide killer cash flow. 

(also inheriting a tenant) very very clean one too but getting away with killer rent rate at 550 lol.... 

My goal is to be able to travel while designing killer deals for good people.

I think, including CapEx, you need to be at round 37%.c) That $190 monthly HOA is a deal killer.  Eating

You can get into the loan at the killer PMI premium, even that long I'd suggest 10% down, then after you improve the property and the loan/title is seasoned (2 years is not a problem) you can refi, no cash out basis at 80% without PMI or 75/70 LTV cash out still without PMI.