Purely based on the #s this looks like a good deal. 

Based on the fact that you are a full time student with no money and no credit your best approach would be to concentrate on school, if that is your desire, graduate, save money and build your credit.

Does it change based on any factors ? 

I went down to the base and talked to the location assistance office to see if they would pass out my cards to new members coming in or leaving and they told me i could join the wall and pointed over at a wall with flyers and business cards all over it.. there must have been like 50 different realtors pinned to the wall.. so i went down the store and bought a 25 card holder and attached it to the wall and filled it with my cards, about 2 weeks ago i was on base seeing a friend who lives on base in the base housing and decided to knock a few doors to offer assistance in maybe moving off base in the future and the MP's came after about 15 minutes of me knocking doors to let me know the base has strict policies against it... 

About myself:I'm a 31 year old, originally from Germany but now based in Perth, Australia (love the lifestyle).I did my Master in Architecture in Germany and have been working for a developer in Australia for the last 6 years.The property market here is completely overpriced through mining. 

You may be able to develop a solution based on some similar situations others have been in.Best of luck.

I am a licensed agent based in Phoenix, so i have MLS access and market industry reports I can share with you.  

After you put the base knowledge to feel comfortable yo will be set for success. 

I am based in the NC market, but am also licensed in SC.

So, based on these numbers, it's a good deal if rehab can be done below $40K.As far as financing, a conventional lender won't do it because of the general house condition and a hard money lender won't do it because of QCD that is not insurable.