Hi Marian,A few thoughts, although I don't always advise pulling money out of your house if you cannot afford the additional cost of mortgage.Depending on availability in the area I would recommend finding a duplex/triplex that you can put 20% down on  using 100k of your capital and spending the 75K on the carrying cost and fix up.Search beyond your local area. 

The only hurdle right now is raising the capital needed (around 2 million).

I would also personally want a much higher return for my capital than 7-8%.

My resources include:- The VA Home Loan- By the time I move, roughly around $30K-$50K of my own working capital- A real estate partner and mentor based out of Chicago- My brother, a real estate broker who I can go to for access to MLS- Currently trying to build relationships with lendersI got out of the Marine Corps at the beginning of 2015 and have spent since then learning everything I can about real estate investment before trying to pull the trigger on anything.

Slow and steady wins the race.A lot of Californians choose to deploy their capital in these Linear/Cash Flow markets.

I do not currently own any properties but want to capitalize on my upcoming move and dive in.

But I look at lots of commercial stuff like that that is a money suck if you have the capital to keep it floating for several years and may just then be profitable because you can sell it to someone else for a higher price.Now, if you can buy it for $200k on owner financing or better yet pick it up for back taxes then you have something.

Andrew, if you are also looking for extra capital for a down payment and have some funds in your TSP, I just learned that you can take a loan out from both your Contributions AND Earnings (from either/both your Traditional and Roth). 

As long as Infind deals thay fit these requirements, I can access the capital). 

-If you have POH are you capitalizing them?