Hello BPI was wondering if anyone here has any experience with using the Military Choice Mortgage for investing? 

Beyond what Chris mentioned to getting a good deal to make this fourplex in Northridge area work is that with FHA you also have the self sufficiency rule and in my experience only fourplexes that have gross rents of .90% relative to the sales price or acquisition price have worked with FHA.This means your 1.7 fourplex would need to rent for .90% or $ 15,300 per month or $3825 per unit in order for your FHA financing to go through.This is mainly why I havent done many FHA 3-4 units (SS rule only applies to 3-4 units on FHA) in Orange county/Los Angeles/San Diego except back in 2010-2012 when rent to price ratios were more in line with .90%.You could often find .90% to meet the SS rule in santa ana, riverside, banning, san bernardino, ontario, maybe in the valley by victorville/apple valley/hesperia and other places where things can tend to be a bit more depressed.Nowadays even a wholesale deal in a prime market like huntington beach or hermosa beach probably wont work (fourplex is probably 1.6 -2.0 M and wholesale deal is probably 1.3-1.5M) and if it did work it would be a unicorn of sorts and you would be a very lucky individual indeed.

Guess I'll just have to analyze any deals on their own merits, maintain sufficient margin for safety, and have multiple exit strategies, but that sounds like it will be a lot of work so maybe I should just look for an easier answer from a guru with fancy charts.

Buy and holds seem to be really popular right now and are a very good choice as the beginning of an investment portfolio.

Each realtor could claim either one zip code or multiple zip codes of their choice and would pay a monthly amount to "own" each individual zip code, meaning all leads/submissions that come in would go straight to them and to no other realtor.

(But I am pretty sure tenant made a few bad choices too).

Just my first blush thoughts...St Louis seems like a good choice because it's closer to you and is a good cash flow market.

@Jonathan Safa I'm glad you mentioned the Roth IRA, because that helps take taxes off the table when making a comparison between Real Estate and other investments.There is nothing about "having someone else pay your mortgage" that by itself represents a superior choice. 

You may get advice to go one way or the other, but this is completely a personal choice.

I see real estate investing as a lifestyle choice rather than a job and that's what's exciting me.