This is a buy and hold property and I plan on staying in it for at least 3-5 years.  

The third option, I stay in my house an hour away from work and continue to pay 400 bucks in gas and wear and tear on the car.

Still technically not an asset because the money is coming out of our pocket but its a start and its  our first home, we don't plan on staying here for long anyway.

Areas to stay away from?  

I would get calls and emails over the weekend from one tenant letting me know the other tenants had friends staying the weekend with them and they wanted me to know because they did not want to be assessed the additional water usage.

I am a stay at home dad while my wife works as a nurse for the US Army.

So the longer she stays, the longer i have before i need to go repair it all.

Everything I've read and listened to on BP says it takes numerous cycles of DM to start getting leads.

I was envisioning searching out inexpensive properties, travelling to them, staying in the area until repairs and renos were complete, selling or renting, then moving on to another property.Any information or ideas on how we could accomplish this vision would be greatly appreciated.Thank you.John

She has her ccw and stays trained for reasons like you state.