I will receive a housing allowance (BAH) roughly equivalent to [a conservative] $15-20k/year that can either go to rent, base housing or a house purchase.Next, my plan, 30,000-foot view: I want to purchase and live in a house under the pretense that it will become a rental property (by necessity, within a military community) when it's time to leave.

It also gives me an opportunity to get to know the tenants so we have a good foundation / understanding for when they leave (They will all leave at some point and the property will require some rehab in order to market it for new renters or a buyer.Good luck!

Homes are less than 15 years old in the area and many are only 5 years old.I put a video showing my results and how I used my spreadsheets here: http://dl.dropbox.com/u/59325075/2011%20Example%20Bigger%20Pockets.mp4I'll leave the video up for a few weeks.

I just can't leave it alone.

I don't even think we'll end up sanding anything since it was just a fresh top-coat.As for the floors I either have my guys degrease them with Zep cleaner, or paint them, or just leave them as is.

We had a (THE) key manager leave after 15 years and we didn't implode.

What happens when they leave the house in disrepair after a few years?

What ar you looking for in thier answers or what they leave out?

how funny he refunded my money as soon as I sent a nasty email but I will leave this up for you guys to take caution

Out of the LOC $45k would pay off the 2 existing mortgages, $2.6k would be used for LOC closing costs, leaving me with $92.4k available on the LOC.