Bill pays your for your housing based on the BAH rate for the area you are attending school. http://www.benefits.va.gov/GIBILL/resources/benefi...So, why can't you purchase a duplex, triplex or fourplex as your primary residence (qualifying based on the BAH you will receive), live in one unit while renting the others (cash flow in your pocket), then finish college, move to your job location, rent out the unit you lived in and start your investing adventure all over again?

Do you happen to have any good resources/templates for these types of contracts or is it best just to bite the bullet & have it drafted by an attorney? 

Welcome to BP @Steven Washington, You may have already done this, but the site has great resources including The Ultimate Beginner's Guide to Real Estate Investing.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

It's a great resource.

I always looking to add lenders to my list of resources.  

This site is a phenomenal resource.

Be sure to take advantage of all the resources here, including the podcasts, e-books and investment tools.

Check it out Under Books and Resources.

If interest rates were much higher or if the bulk of the posters on BP were people that could not allocate assets to projects with mid teen returns on capital this may be a different discussion.