I focus on small to slightly larger multi family buy and hold.

If I did, I'd go buy a newer property that I could turn into a rental in a year or 2 and repeat. Or

And given their hold timeline being perpetual, the 2-ish years of no cash flow does not really matter.

Obviously, your goal is to utilize the asset to its highest and best use, which is likely the midterm rental route or possibly short-term rental, depending on regulations in Baltimore.I would run the numbers on long-term renting and have a plan for when you PCS next, what your exit strategy is, or will you continue to hold long-term. 

Typical investor presentations typically start with the projected overall returns, which almost any model will provide (in fact that is effectively the whole reason they exist), and often a hold period summarized pro forma, to show a bit more of the details that flow into your returns.Again, I think you should hit up Adventures in CRE.  

Investment Info:Single-family residence buy & hold investment.

The neighborhoods that are turning are a handful of years, at best, of your car getting repeatedly broken into before you see 20 something girls in Lulu leggings walking their dog at night.

Things like how much you're willing to put down, length of time you want the funds, if you are looking to hold the property, how you will pay the money back (I always want to know about relationships with banks and prior refi's for my buy/hold investors).   

The core plus is really a long term hold.

Investment Info:Single-family residence buy & hold investment.