With $170k to deploy you most likely will have that all in one, maybe two deals, if it doesn’t go well you could end up way worse off.That said, if there are other factors like the property is a huge pain to manage or you are worried the neighborhood may actually get worse or you know you need a new roof in a couple years, then I’d consider selling.Also, even though you said it’s not a high appreciating area, do you think 1-2% is fair?

Will you stay local and on base or have the potential to be deployed?

I realize I have less control over what happens to my money when I deploy it in this way, but my time is more valuable to me at this point.

I use it to quickly, easily, and cheaply deploy cash for investments, repairs, etc.

The downside is the risk of negative cash flow if the market shifts, but it offers liquidity and flexibility to deploy capital elsewhere.

The elephant in the room, however: How much cash are you looking to deploy? 

Purchase preforming notes capped at half your total deployable capital (150K)Then sale the future revenue of those notes through note exchanges, doing this will allow you to hedge the US real estate volatility while turning a profit from the market  

It's almost as if someone gets Google alerts when his name is mentioned, and then "deploys the troops" when damage control is needed.

A college student getting an engineering degree should consider different approaches, even if he decides to deploy some/all of the inheritance in real estate, than a high school dropout working a minimum wage job. 

Just make sure you’re prepared to cover any shortfalls on that property and have a strong plan for deploying the new capital effectively.