Although you're going to owner occupy, I suggest basing your valuation under the assumption that you're not - you want the duplex to be self sufficient.

There are NO good lenders, they are all self-serving!

Skip your emotional side.I am guessing he showed you his LES statements (Leave and Earning statements) showing how much he makes, how many days he as accrued for leave, etc.They should be titled something like.....Defense Finance (something, something) Leave and Earning Statement.....at the top with a bunch of boxes with numbers in them most likely printed off the myPay website.

I am a computer engineer, currently working a full time job in the field.I am easy adaptable, responsible, self motivated, patient, flexible, dedicated, I believe in proper planning and management .I have the spirit to fight till the last moment with positive attitude , positive thinking to get the job done.I am new in real state, my goal is to buy/hold, flip whole selling and create passive income.

The other thing to look at is what kind of time you have to devote if you plan to self manage; this niche takes more time.

You have to really be able to trust the company you're working with.Beyond that, though, I'd really encourage you to start local and self-manage your first few.

You probably are local and self managing but always a good rule of thumb to include that in your numbers.

Sounds like a great opportunity, I definitely agree with sending out a letter to the tenants in a professional manager introducing your self. if you stay business focused and professional rental income is a great way to generate current income and build long term wealth!

Sometimes a cash offer looks more appealing to the seller.You are using money from your self directed IRA, so I assume you are "all in".  

He also has provided some invaluable advice to me personally on other ways to invest especially as it relates to my self-directed IRA.