The items I do have going for me, are the Credit score, that is rising, the stable job history, I have worked for the State of Iowa as a Correctional Officer for the past seven years, and the fact that a lot of my living expenses are low since I live with my parents.    

Both cities are economically stable and growing and I think, in many areas of those cities, your tenant pool is going to be better than compared to Indianapolis, Philly, Detroit, etc...  

@Chris Licavoli do you have any other retirement accounts besides this one?

A colleague of mine retired as Maintenance manager from an Industrial complex & was bored.He also owned a large warehouse that was bleeding him dry with transient tenants so we all sat around one night tossing out ideas & he decide to approach a couple of the local community colleges.

First, you need to look at your current retirement account and see where your funds are invested and what kind of returns your account been generating over the last few years.

Once the building is stable, go for a long term refinance from a bank.  

I did come across a couple deals from a retiring landlord last year that made sense for me to wholesale.

This is why I want to re-invest a good chunk of my profits to build something that is a lot more stable and predictable.

Note: The funding fee may be paid from loan proceeds or cash from borrower.The following persons are exempt from paying the funding fee: Veterans receiving VA compensation for service-connected disabilities.Veterans who would be entitled to receive compensation for service- connected disabilities if they did not receive retirement pay.Veterans who are rated by VA as eligible to receive compensation as a result of pre-discharge disability examination and rating or on the basis of a pre-discharge review of existing medical evidence (including service medical and treatment records) that results in issuance of a memorandum rating.Veterans entitled to receive compensation, but who are not presently in receipt because they are on active duty.Surviving spouses of veterans who died in service or from service- connected disabilities (whether or not such surviving spouses are veterans with their own entitlement and whether or not they are using their own entitlement on the loan). source: VA Pamphlet 26-7 (Lenders Handbook)http://www.benefits.va.gov/WARMS/docs/admin26/handbook/ChapterLendersHanbookChapter8.pdfwww.VALoans.com is also a pretty good source of information regarding VA loans.  

You can find these for under $40k rent ready and are much more stable, reliable and easy to resell.Good luck!