(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

I am confused on how to get funding using OPM with using no or little of my money to make the deal. 5.

The threshold for STR with FDOR (known by most as the sales and use tax enforcers) is 6 months so I keep a clause in my leases that if they move out before occupying the property for at least six months they're also on the hook for paying sales tax on their rent (6.5%  in Orange Co. but varies from 6% to 7% depending on local voters funding their favorite projects with the amount in excess of 6%). 

The funds in my exchange weren’t enough for the down payment.  

@Mark Doty Be mindful that if you intend to bundle the funds needed to add the additional units into a conventional mortgage loan lenders may require you to have building plans, detailed budgets and permits etc.

So I would like to offer a perspective that with every PCS you ought to buy a new property and continue that, so that the day you do leave you have the option to liquidate from all those states and consolidate your funds.

It sounds like non-intuitively, you are better off continuing to rent and using your funds in friendlier markets.

(I feel this is the least desirable/most expensive way, but may be easier to find properties)I'm in your shoes buddy except I dont have any retirement fund coming in in ten years unless I create it now.

Hi @Scott Granberry - HELOC is an excellent choice in financing deals, you can also use your IRA through a company such as Quest IRA to fund the entire deal or just a portion of the deal. 

My plan for most of the money is to invest it for retirement in stocks and bond funds.