You need to really figure out what product type and then do a deep dive into the market to see if it is even feasible. 

Off-post/base BAH is usually reserved for E-5 and above which will better ensure a respectful tenant. ...if not, you’ll have their CO’s contact info.

Originally posted by @Josh E.

Occasionally, HMLs will allow a high credit score or strong liquidity to help offset lack of experience.

So, in general financing for STR's with traditional financing (in my experience at least) goes off of previous tax history (schedule C/E) only since you will have no lease to go off of. 

One of the reasons is the ill-liquidity of the investment especially, on the Primary offering side. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

I feel the prices she is giving us to definitely be on the low end of the market though after scouring this area to find this deal for 2 years and seeing what properties sold for that will be similar to what our finished product is.

You could still go with higher leverage loans if you wanted and have substantial amount of liquid cash available.

I'm considering exiting our MF project and putting that into our own OZ fund because (a) I believe in the product focus and (b) I think there will be better buying opportunities in the next 8-12 months and OZ gives me the flexibility to look for those deals (180 days to allocate, 30 months to complete).