We are a couple - enjoy nature, going out to eat/drink maybe once or twice a month.As of now, I plan to do a 30 year FHA owner occupied - after 1 year I will move out so all units will be rented out and I should be cashflow positive around $500 or so.

@Benjamin SussmanJust be mindful that your bookkeeping will not be as simple since you are househacking.You will have payments that are personal in nature - non-deductibleYou will have payments that are business in nature - fully deductibleYou will have payments that are personal and business - partially deductibleIf you are keeping the books to use for your tax return, you may just need to have a proper setup with instructions on how to properly categorize items.

When I'm not being Army or working my W2, I'm exploring nature.

That’s the nature of the business.

if possible i would do natural gas its fairly cheap. but please do not put electric base boards. your tenants may want to find out where you live and rob you. i just took the ones i had in a unit out. tenant was on old lease from previous owner. my first bill was 500$. for more information it is a 2 bedroom second floor newer windows and about 950 sq.ft. 

Or better to wait and redo units as they naturally open up? 

Have a great investing mindset, enjoy all aspects of construction, and am very much a natural handy-man. 

Natural wood trim & baseboards hand stained and sanded throughout.

Natural wood trim & baseboards hand stained and sanded throughout.

All new paint, fixtures and flooring throughout.Exterior features include new double coated Solar-Flex White Roof Coating, new upgraded electrical panel, natural and durable surface crusher fine walkways, low maintenance landscape and mature trees, and freshly painted large shed for tools or hobbies.