@Michael Le Don't think the market is big enough, less capital appreciation potential (compared to other options), renovated rent premium being lower than other markets. 

Some people don’t mean a lower cap as the investment is usually the safest and the stock market return is lower.

[Yes, some Lenders go to 75% for investments, but, might their appraisals be lower?]

I know FHA has a much lower downpayment than a typical loan but that comes with some guidelines. 

My friend (also military) has told me that I can refinance and lower my payment and I should at least wait to hit the year mark.

@Alex Franks I believe that most markets in the US are increasing right now, but I have looked at other potential cities that meet the requirements I am looking for with houses much lower priced.

I have been comparing expenses between my apartments in Berwyn and my apartments in South Bend, Indiana, and I am finding that the lower end units in South Bend are using up a much, much larger percentage of rents collected than my Berwyn properties.

The VA loan will provide a cheaper entry and lower rate.  

Normally, online advertising has been all we needed to get the word out (to non-seniors) but I'm getting a lower than normal volume of calls. 

I wouldn't get too excited about this one, since there are currently 16 duplexes in the neighborhood listed for a lower price.