@Ed Christina- good to still see some old school lifestyle folks still out there.  

The trick for you at this point will be avoiding "lifestyle creep" and applying as much as possible to debt paydown and savings for investment.

Even factoring in HOA and property taxes, you got some pretty good cash flow and lots of potential for appreciation because the condos in the lower end price ranges become great entry level homes for first time home buyers.Likewise, if you look at duplexes, triplexes and four-plexes, it's gonna be hard to find deals under $100k a door.  

., holding all other factors constant, lower price means higher demand which means more tenants to select from which gives a better chance of finding quality tenants). 

Yes your lifestyle may change but so will expenses.

You need to factor in physical vacancies, rent lost to lease (you raise rents but can't raise on people already there), bad debt (not everyone pays), and concessions (free month on move in!)

When choosing a car do you make the primary decision factor by which is cheapest?

Check your market to see how demand factors in.

So when you are looking at the comps, look at how long the days on market are and make sure to factor in the additional holding costs if applicable. 

The military is a unique lifestyle but we  all have the VA loan which is a great way to get started if you buy a multi family unit live in part of it then rent out the rest of it you can easily get started.Good Luck.