I lost a house in Black Rock. did not enter a bid fast enough. but I have been looking at the places you mentioned and I'm learning about the areas by driving around. thanks again .

Drive Dryad, Nebling, and surrounding streets before pulling the trigger, and see what flood insurance will cost.

Don't drive your typical military mobile (stupid big tricked out truck or souped up gas guzzling hot rod).Max your TSP.

If you're active duty, you'll have to factor moving again when your tour is up.

@Mathew Scott It really depends, nothing wrong with leverage as long as it makes sense numbers wise.If you like the numbers when principal pay down is factored in, than the deal may work for you.

I want to learn how to truly analyze a deal and consider all factors, especially when the market is as hot as it is right now. 

Happy to recommend as well.Lastly, there are more factors than cost when purchasing insurance. 

If it's mom and pop I put higher vacancy factor into my underwriting whether 100% occupied or not.

Property condition is also obviously a factor. 

My question is if my mortgage on the property is say 350 and it's renting for 550 won't I technically be negatively cash-flowing due to the probability that the 40% cushion initially factored into the deal will probably cause me to have to put a small amount of money in monthly?