My offer on a REO was rejected as too low - the issue with the townhouse is listed at (1)"system did not hold pressure due to damages, unable to find source of allleaks, water heater damaged at side where TPR valve damaged" and (2) "Water Supply and Sewage system was inspected for presence of obvious visible defects.

However, I have been talking about real estate investing with a lot of friends and family and funding is now not the issue.

We address routine maintenance issues, but the property was in pretty poor shape and we failed our first ever REAC inspection this summer.  

Further look into it I found out that Lis Pendens was issues last month.  

The agent had a friend that made the same if not higher offer but theirs was 30 day close and they were asking questions like is the title clean, any issues with title, etc.

You will have tenant issues, late payments, excuses, they will have young children, and probably above average ware and tear on the property.

We also target homes built 1990 or newer, as we are just more familiar with this construction, the issues, and hopefully lack of issues.I know there are a thousand way to invest in real estate, but these are my goals.

Solid work and takes care of any issues quickly, although he doesn't have time for full rehabs.

The biggest downside is having to disclose you hold a license, but I have not found this to be an issue with sellers. 

So these are my initial thoughts on the issue - I'd love to hear any feedback from the experts out there... any other military members who encounter these types of frequent move and invest types of life situations... so thanks in advance for your input!!!