you snooze you loose. and some markets are much hotter than others.Like Vegas right now is super hot.Portlandia is strong but inventory stands still for a month or so.. but a smokin great deal in almost any city is gone in hours.

Chris, If a multiple owner LLC is using a key principal's funds and financial strength for the acquisition of a multifamily asset, are you saying that remaining LLC owner's financials are not considered?

The idea would be to get a 203k loan which has the same terms as a FHA, I've ran the numbers and financially it wouldn't be too taxing on us to be able to afford the mortgage up to around $325k

You’d have to give more information about what prices you’re seeing and what your goals are.Everyone wants “financial freedom” but it’s usually difficult to achieve.

Using your military affiliation for any personal gains, especially financial, can be sketchy at best within the UCMJ.

If you hold the property in your name, they will want to see your tax returns including form T776 for the past 2-3 years.If you hold the property in a company, they'll want financial statements for the company (minimum) and possible corporate tax returns as well.  

He also taught a class on Financial Analysis of Income Producing Properties. 

There are people sitting in prison for committing fraud with federally regulated financial institutions on real estate.That you are even asking the question could be evidence enough of your intent NOT to occupy the property.

E.g. if this is in a quickly gentrifying neighborhood and your personal financial situation allows it, you could take a risk and underwrite it at a level where you are just-about breaking even with your mortgage +  operating expenses. 

I am ready to build my own financial freedom and am focusing on multifamily properties with value add potential.