@Filip Vaco
Hello Filip! Welcome to BP and Central Texas investing!
I know you are away now, but when you return, there is a local group that meets at the El Chico on Hwy 190 every first and third Thursday. Their site is here:
http://www.meetup.com/Real-Estate-Investors-of-Kil...
I've been several times now as a Realtor in the area, and its been a relaxed bunch and good conversation about local real estate and investing.
I have a fourplex myself in Killeen - when I was still active duty, I did the same thing, and bought five homes before leaving (two with the VA loan - you can actually use it twice).
I wish I had just bought fourplexes - they are more work, but they pay! After conservative expense estimates, I cash flow about $500 a month on my fourplex. All my other single family rentals actually lose me money every month at the moment.
Killeen has several areas that have decent fourplex options, thought duplexes seem to be all the rage for investors at the moment. I can send you some fourplex options if you'd like. A short while ago, there were quite a few fourplexes in foreclosure, however the multifamily market had since stabilized and they are hard to find. In Killeen, most of the fourplexes in what I consider the quality fourplex areas are listed between $180,000 - $200,000.
And yes, a VA foreclosure is essentially no different than any other kind of foreclosure. The bank is just the VA. It is not particularly important when differentiating between foreclosures, though your agent will be able to tell you if its a VA foreclosure and the contracts are different.
I would recommend contacting a lender to get an idea of what you could be approved for. The lending market just in the last two years has gotten pretty onerous. Knowing how much a lender will lend you allows you to start searching options fully educated.
Oh, and Redlegs! Boom! Boom! King of Battle!