Yes this is correct but like I said there are a couple ways where you can pull out your initial cash plus your rehab costs without needing to wait the 6 month seasoning.

I'm in negotiation with a couple of multi family apartment owners.

A couple of advantages I have going for me are a good credit rating and access to my HELOC.Thanks all.

You and your husband used it for its intended purpose and now you find yourself in what is a completely legitimate situation for a military couple with him deploying and you finding work somewhere else.Unless your loan agreement specifically says you can't rent it out before 1 year, there's no reason to wait an extra couple of months once deployment rolls around and you pursue work elsewhere. 

I already own 25 units so I know the market fairly well.My plan has been to acquire a couple (or three) 4 plex units that should net me $150 to $175/unit/mo (based on what I have seen over the last 3 years with my other units).

In fact, I got lucky a couple of times last year.

@Tyler MartinYou shouldn't feel stress working with a professional - especially if you are paying $$ for the services.If your tax profile includes real estate(buy and hold, fix and flips or wholesaling) you may benefit from interviewing a couple accountant's on this website.

I'm fortunate enough to have a couple of friends who have done well with real estate, and now I am learning everything I can.

I do have a couple of connections with some and I bet a beer or two would make it worth their time :) Thank you!

The $495 nail hole & touch-ups seems a little bit high, but I was surprised a couple others were low.