Second, spend as much time as possible networking with seasoned investors so when you find a potential deal, you can partner with an investor who has the money, skills, knowledge and rolodex to help you monetize the deal. 

Since you are both older than 59 1/2 years of age you may distribute funds from your IRA without any penalties.

@Jeff Wells  and @Erik Olsen - Fort Hood is not about deployments - there are several brigades and a corps headquarters and usually at least one is deployed or redeploying - it is more about when "PCS" season is.  

They should have all the information in them out might be a lot of information to read through but I would suggest going through it once and getting a list of questions together based on what was confusing to ask either an attorney in your area or a seasoned investor at the sale.I'm going to register for the upcoming sale here in March but I'm not going to bid.

This site is great for getting answers to your questions from a solid community of professionals and seasoned individuals in the industry.  

In the off season where do you plan on living?

@Padma ModyYou can do a rate and term refinance at any time, without any seasoning requirements for up to ten mortgages.

I do like the fact that she is older and will probably respect the property and that she wants to sign a long lease so I don't have to worry about tenants coming in and out.

The season for a business like this would probably be April to September, which is great for us since we don't like hanging around here when it snows anyway.

It appears that note buyers are going to want 6-12 months of seasoning or they are going to want to buy the note at a "significant discount".