I've had that in mind as well due to the college aspects as well as a larger immigrant population. 

How old is the roof and the water heaters ? 

All of my loans are like you stated in one aspect at least - amortized over 15-20, due in 3-5 years.Some are variable, some are fixed... just depends on how I was feeling on the day I signed the papers lol!

One bedroom is downstairs, the second is upstairs but it is a gabled roof so the bedroom has minimal headspace on the sides *and* has a bonus space which could be a crib space, playroom, or another bedroom.That is not the weird one though.

Electrical, plumbing, roof, windows were updated in 2006.Asking: $98,000.  

AHRN/homes.mil, free housing safety inspections, paperwork/leases/Addendums/PM tools)- financial comparison of buying vs renting throughout one's military career- buying the right primary residence with VA loan when you arrive at a new base- negative aspects of the VA loan and determining if other financing is more beneficial- tips, guidelines, and processes for managing you properties remotely- setting up the right team/network while you live there to make remote management easier when you PCSThe reality is that it will be a slower process for a military member to build a RE portfolio due to mission requirements, but it is definitely possible.

I have sold placed for $165,000 more than what I bought them for, but completely redid the house, roof, insulation, siding, etc.

@Treven May  @Chris SeveneyTreven - Chris is spot on, run the numbers first to see if it's even worth pursuing, regardless of the owner financing aspect.  

It is a good community to network and learn about all aspects of real-estate investing.

Jeff Greenberg I would be interested in talking to you about passive investing as well as MFH as these are two aspects my wife and I will be looking at in the next couple years.