We were thinking about fixing our bad credit 1st then once we are at a respectable credit range we wanted to see what we can qualify for?

Ironically, it can be difficult to obtain loans for a property as an agent because lenders are leery of the self-employed with commission income, however, if you finish college, get a good W2 job, and have decent credit, lenders will line up to give you money, assuming that you are going into a field that is in demand.I admire you wanting to start investing at a young age, I wish I would have started investing in real estate in my early twenties instead of misspending my youth on debauchery.

As such, you may have to establish a longer income track record than would otherwise be required with W2 income.

Yes, you will have access to a VA loan with 100% financing, however:This doesn't to you a whole lot of good if you are only in a duty station for a few monthsDepending on your rank, duty station, and other factors, you may be required to live on base at timesVA loans are only for owner occupantsYour purchase price will still be dictated by your credit and income (see first bullet above), andIt can be extremely risky to buy with 100%+ financing at the peak of the market (I say 100%+ because many servicemembers and veterans roll their VA funding fee into their loan, which can leave them leveraged at 102% or more - with negative equity).

Since it would be the first project, hard money might be tough, but we have good relationships with locals contractors and both have solid income and credit. 

I don't care for wholesaling and it's not my ultimate goal but seems to be a necessity at the moment (no money not much credit.)

I feel when you do that your paying more interest on lines of credit or what not?

After the inspection report came back, the house will need the following work (and this comes directly from the inspector): 1-The two oil-fired boilers must be professionally evaluated and serviced by a licensed HVAC technician to determine the life expectancy and the evaluation of the firebox as well as its efficiency.2-The asbestos in the basement must be professionally encapsulated or removed.3-Need to have a licensed plumber REPLACE the corroding electric water heater for the rear unit.4-All items listed in #8 that are asked to be replaced, should be professionally replaced or given appropriate credit for replacing by new owners.5-Need to have a licensed electrician examine, address and replace all wiring throughout the house and garage.

I'm guessing them getting near list price for each unit is very important to them...so is it best to ask for credits at closing?)

I started with single family homes thinking that experience would help me invest in apartment buildings, but I eventually learned that you don’t need money or experience to start investing in apartment buildings and a single family track record wont help much.