This property will be our lowest performer in terms of metrics simply because the value is high compared to the rent we can command in our area.

That commands NO respect.Now, if you are BUYING the properties and then reselling NO license is needed and that is the ethical way to wholesale (or have a license). 

That commands NO respect.Now, if you are BUYING the properties and then reselling NO license is needed and that is the ethical way to wholesale (or have a license).

On average, and this is just my perception as a Spanish national having worked all over Europe, Spaniards' command of English is poor.It is true younger generations are much more capable, but we are still well behind when compared to the Nordics, Netherlands, etc. 

So maybe this needs to command a higher target LP irr than even normal opportunistic?

For the units which appear underpriced, my guess is one of two things: (1) either those units are in poor condition and don't command the same price, or (2) the landlord accepted a voucher for less than a 2 BR. 

Both units command very good numbers and the next investment projects numbers to what 4 plexes are going for right now.

So spend your first year at your new command looking around for good areas to invest, then buy a small multifamily with your VA loan, rehab rent out, and then when you go on to your next duty station, refi into a conventional loan with the 25% equity you built up the past couple years (this will reload your VA loan).Then after doing that, you'll slowly gain experience as a land lord and eventually you'll find a market you like and the numbers make sense.

Those 'ladies' commanded a LOT of respect.

His price point is something that would command $1200 a month in rent or MORE - his sweet spot was about $1600 a month.I totally agree with him.