RE can appear more risky to some because it isn't liquid like stocks and frankly, most people don't know the 1st thing about RE.

HoA appear to be $200/mo and I am looking to flip it. 

@John Cassel  I think those two things you mentioned (the exterior painting and bathroom renovations) will have a big impact on the appearance of the property. 

So from what I've read online it appears in order to count rental income towards DTI for VA loan you need 2 yrs experience.

I'm no expert, but I do believe the egresses are fine, electrical appears fine as well. 

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Numbers appear high level comparable to the ones above, though both purchase price and renovation need to be financed on hard money, significantly increasing the carry costs.

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