I am going to take advantage of these to develop and execute my plan.My Plan is to - Purchase multi-family units (2-4) that need slight rehab or cosmetic work to force demand appreciation.

I'd then start forcing yourself to put $500-700 away each month as a "rental" payment towards some real estate.

I'd assume the loan has either a balloon or ARM.

If you plan to hold this place a long time you should consider a different heating system, either forced air or hydronic baseboard.

I have not done a house since that hasn't been ten times easier.You will never appreciate how nice it is to be able to cut drywall back, move some plumbing and then patch it, till your forced to remove walls just to move a sink.Hope you enjoyed, good luck.Sam

And I want to know in which area should I focus in attaining my knowledge while in here so I know what I'm doing once I get back.As I mentioned, I'm pretty new to this.. and any form of help and advice would be greatly appreciated :)And also, if there are any active duty military members or vets that could help me by explaining what advantages I have as a member of the armed forces when in comes to real estate investing, would be greatly appreciated.Filip Vaco

Here is how it breaks down for single family residential in Bergen County:Conventional/Fixed Mortgage  45%Conventional Arm: 25%VA: 2%FHA: 9%Cash: 19%Owner Financing: 0% (only 7 total)Balloon: 0% (only 1)1031 Exchange: 0% (only 2)Other: 1% (only 34 sales)

I invest in condos and have a general good experience with boards and management companies but I have helped replace a board, had the police confront board members and forced a management company to get rid of our rep's lawyer husband. 

I plan to be a force in the investor world and want to maximize every ounce and second I have, but, I have a few questions.1. 

., Specific neighborhoods TBD, long term drivers of market; median household income, labor force participation, bank lending and household formationCriteria- TBD, Define your LTV, cash flow, max purchase amount, max rehab amount, max timeframe, etc.