Yet, the current market conditions in Australia (especially Perth) are proving to be incredibly competitive.

Since a VA inspector would need to verify the condition and value of a home before the money is lent, does this mean there is no way to buy a foreclosure with VA loan financing?

We never put a dime of our own money as the cash flow was strong even in its poor condition.

Since rarely are properties on the Oregon Coast (or anywhere for that matter) in flawless condition, generally post receipt of the inspection report there are items of concern that buyer(s) will want repaired or compensation towards. 

. $196k value is just an algorithm that wouldn’t take property condition into account.

As is condition?

I decided to walk away due to it not being in good condition with bed bugs.

@Joshua Janus @Remington Lyman Both of these guys have a rolodex for people who can hopefully help you get your place in condition. 

Location, property condition and amenities can cause a wide range of rental rates for similar layouts (2 bed 2 bath for example).

I am breaking it down, but I don't see why it is so costly.For instance:A stove- 500Backsplash-400Cooktop - 500Granite Counter Tops- 1500Dishwasher- 500New Sink - 250Fridge - 550Cabinets- Cost to refinish older cabinets in nicer condition ????