My goals: I will take the next couple of months focusing on a niche of the market, I haven't decided what that will be yet, then before the year ends I will attempt to make some deals.

In addition, during the purchaser’s pre-possession, the purchaser may discover some “defect” or unacceptable condition, such as an item needing repair or even that the local traffic is too noisy, that was not raised during the inspection period and attempt to back out of the deal.

Attempting to cash flow any BAH is misguided, with rents rising along with the market you'll probably spend most of your money in living expenses with hardly any left over.

Hey bp,

Well I'm rather new to the investing side of real estate, been trying to read and listen to all that I can and decided I need to actually try to make something happen.

I've been driving by this house for a ...

@Avi Garg: You can sell all you want, just cannot get paid for it either directly or indirectly... so long as you are doing what would be classified as administrative tasks (i.e. not attempting to replicate what a professional RE broker or agent would do), you would be within the confines of the regulations

@Jaago Viitkin you may be able to attempted a wrap where the existing mortgages are wraped and the new tenet pays the monthly payments, through a servicing company?

I'll attempt to mitigate these concerns as I build a routine/process.  

Unless you have a VERY good team put together, I wouldn't attempt any flips, and purchasing rentals with only 100k cash is putting all your eggs in one basket.Just my $.02.

A lot depends on your appraiser/lender.I wouldn't necessarily worry about rent control issues, only to the extent that the city may attempt to convince you to keep your pre-existing tenants for longer than you'd like when you move in (your old tenants may call the mayor and/or city when they figure out you are raising the rent, and the mayor/city is very proactive about trying to help tenants in need, etc.).

I am attempting to finance my first purchase of a fourplex with my GI Bill.