So I've been in the service for about 2 years now and I've been thinking about buying some property to rent out in the area and also rent out to fellow service members that are trying to get out of Government living quarters.

Or in other cases has the backing of government programs to guarantee a huge amount of the top dollar rental rates that can be gained by having properties that qualify for said programs.In my opinion It is risky to rely solely on electric heat outside of domestic hot water.

I also went to school for Urban and Regional Planning- that taught me how to navigate government entities 

In this case it is a government employee attending a government training camp (FLETC - Brunswick, GA).

This is of course because the government has to inflate away the value of the debt.  

That is usually accomplished through forming a single entity LLC, which is governed by an operating agreement(OA).

I am 95% sure that the daughter does not have a job but I'm assuming may have some sort of government assistance income.

This is not a section 8 or a government program. https://my.neighbor.org/They promise a double deposit and will cover 100% of the rent for the first three months and their coverage scales down. 

If you purchase as investment and you need to cash out in order to get the funds for down payment, I suggest a regular refi and not a heloc, rate will be similar with the purchase and definitely better terms than a heloc, also Heloc are riskier, they are not governed by the Fannie and Freddie, you are not as protected, also as this year, you can no longer deduct heloc interest on your taxes. 

I owned and lived in condos and invested in and rented out condos, all of which is governed by HOA and it's bylaws.