If you plan to live in base the best hands down to do that in would be ORF IMO, although it really depends on what you like. Virgina Beach/Chesapeake/Newport News/Hampton all have some nice places to live.

I know an FO that was considering buying a boat (around $25k or so) and including slip fees to hook it up to electricity and water he said it would run around $550-$600/month. That was with a 10 year loan running around 9% with 100% financed. He was gonna live in it. It came with a bed, shower, toilet, and full galley (electric stove, microwave, etc.). Here's an example:

http://www.boats.com/listing/boat_de...&srh_prev=true

another

http://www.us.buysell.com/root/detai..._5_slps_4.aspx

Seemed like a good idea. Instead of paying rent you are paying down your mortgage (like a home). In 10 years it won't be worth much but it beats throwing rent money out the window. I'm not sure I could do it long term, one might go insane, but it might be fun for a few months at least.