Another option, that I have used, is threw Navy Fed, 100% military homenbuying program.

 Hi all, I'm curious to hear some opinions on finding a balance between going to school, getting a part or full time job, and investing in real estate.Currently I go to school full time and my wife is in the navy.

When I was in the Navy, I will never forget how a supervisor told me back in 2010 to buy a house.

Go Navy!

I also have a Navy Federal and USAA bank account.

Navy actually lol i was there before the housing collapse so things might have changed since then.

You can still tap into this as long as you have 2 years living there of the 5 years before sale and it's considered a primary residence.When I worked for the Navy at a Joint Base, I met a lot of military guys who used their accumulation of houses all over the country as their second retirement pension.

We are in a prime location near a Navy base (20 minutes) as well as a Navy Shipyard (5 minutes), and 30 minutes from the Virginia Beach boardwalk.

I'm a US Navy Veteran.

(this is typical for this area and I know many homes, including mine, have sump pumps and french drains to resolve the issues)Are situations like these good buying opportunities, or ones to be avoided, and what would cause someone to walk away from a rehab - lack of funds?