1) Decide what you want to do 5 years down the road, RE agent, building a portfolio2) Figure out what makes a good/bad deal for you return-wise.  

@Efrain Torrez just from what you said, it might not work out equity-wise the way you want to pull out money, but if it makes your home better for your family and will keep long-term selling options scaling up, it sounds like a good win done the right way.

I am a conservationist, but adding solar to this property would not be wise financially (but would be good for the environment).

I'm wondering if it is wise to buy a house or live on the base.

Others may disagree but when your young its wise to create a fail safe.

My read on most of this is that it already fits code-wise. 

It might be wise to put in the sale agreement that you want tenants out before purchase. 

My question is, tax wise how does it work?

What do I need to be doing to make sure I’m covered as much as possible liability wise here?

My goal is to cash out now and invest wisely rather than wait till I'm really old to see any kind of financial benefits and gains.