AdvantagesSince we are dealing directly with no real estate agent involved, we will save 5-6% on the deal which we will split 50-50.This one is a small advantage, but still mentioning it here.

Very clean and EASY to use.  

All for $5,000 down and, $2500 of closing costs and $7,000 worth of rehab, from a private lender, so none of my own capital involved for this deal.If I did a 15 yr term refi, my cash flow would be gone and I'd be losing money.

Having some asset (like medical offices) “back your investment” is a little different than wanting to be a silent partner in the local dry cleaning or boutique smoothie joint.

My full time job is as an officer in the Navy, but I am involved in quite a few side hustles.

You are never allowed to be involved in the management of the property.

Someone needs to clean it--as clean as a nice hotel room.

Septic companies around here dont clean drainfield lines , they just replace ( around $ 20K with the new systems ) So I am figuring on about 200 bucks in stone and 80 dollars in fittings and 100 in chemicals .

I would much rather have only my first mortgage balance left due on my house (I'd have $100K+ in equity if so), but life happens and I'm glad I at least hung on to things where I could and 'made' the money I did by buying low so that we could clean the slate and dive into the next chapter with clean credit.I've wanted to get an investment property since last year, but getting my RE license, and cleaning up my debt and finances to the point of shaving $1000+ off of monthly obligations is setting the foundation for what we will accomplish in the future. 

Owning that property helped me better appreciate the advantages of real estate investment and made me want to learn more and get more deeply involved.