I suspect that other factors in your financial profile will play into the answer.  

I'm guessing that your insurance company would have an issue with this -- in my experience, when you purchase insurance as a contractor, you can't pick and choose when that insurance is in play.  

There is also a time constraint at play, how long does it take to find a deal and close it then get it rented?

Bonus if they have a military discount.

I went with the 15yr loan putting down 30% to save on interest and get the loan paid off ASAP, since this is a Buy & Hold play. 

I don't want to try biting off too much at once, but I also wouldn't mind making this a full-time opportunity for myself if it plays out correctly.  

I listened to an audible for Rich Dad, Poor Dad just last year and played the Cashflow game on the iPad.

Obvously other factors play in and the property is a big variable.  

@Lee SmithThanks Lee for the play by play, I liked your conversation, and will definitely take note of that...  

I'm about 20 podcasts in, and number of people I've heard interviewed have recommended just getting the license regardless of what role you want to play in real estate, partly because it gives you access to the MLS.