. :)Also, judging by the specific issues you mentioned, buying and then selling would probably be better than buy and hold just due to the water in the basement....that could be a nightmare down the road.

As an aside, I know you mentioned Streitwise, but given they only have 1 property now I'm not sure it's worth it.

RE sites I mention valuate the house at between $182K,, $187K and $187K.

As mentioned above, there is some economies of scale with the larger places.

@Chris Martin I was thinking Master Lease Options@Eric Adobo I just saw a few mentions/articles on it here on BP, haven't looked too deeply into the strategy yet.

As mentioned there are a lot of resources here on BP.

As others have mentioned, using the VA loan while you can may prove to be a great cost-effective route into real estate.

I'm going to search through what @Costin I. mentioned to see if I find an alternative I think may work better. 

Ask him why he failed to mention. 

Based on what I've heard from people actually landing deals, those guys @Alexander Felice mentions above, is that they have a pretty high marketing budget, understand rehab costs, and have a team in place ready to help out (rehabber, buyers, etc.).Best of luck.