What I found out is that they are popular everywhere in the world except here, but they are really beginning to be accepted, especially for older homes and vacation properties.

And if there are any Federal Tax Liens on the property you have to wait a year for the feds' right of redemption to expire.

I'm an active duty member as well and I'm glad to see the growing popularity of real estate investing among military members.

The federal reserve has artificially held interest rates too low for too long, and money has no place else to go. 

The equity position in most smaller BRRR projects (ie SFR's, the most popular version of BRRR mentioned on these threads) often has a better use.

@Jack Bobeck The property is pretty sound, but it could use some curve appeal and I worked for a rather popular landscape company during the summers while I was in high school so I can fix the property's appeal on my own.

I bought the perfect rowhouse (for me) last year in DC that was in great condition (no reno necessary) but not renovated recently with the super popular modern open concept first floor which allowed me to hang a door in the dining room for $100 and convert it into a bedroom collecting $850 a month for rent. 

FHA (Federal Housing Administration) offers programs for owner occupied properties with as little as 3.5% down.

My current loans are: Amount Interest rate Time (years) Monthly Payment Private $ 7,000.00    8.24%    10    $ 78.49 Private $ 5,000.00    6.24%    10    $ 50.00 Federal $ 26,875.99    4.96%    10    $ 290.54 The student loan refinancing company said they could give me this: Amount Interest rate Time (years) Monthly Payment Total $ 38,875.99    4.44%    10    $ 394.00 Should I refi my student loans through the company then?

My local lender First Federal of Lakewood.