(Dec 2014) - 2nd deal- townhouse, purchased off MLS price 62k, rehab costs 38k--all cash, was going to rent this but decided to sell once I got my license (so this took a LOT longer than I expected) under contract at 146k (I'm the listing agent so i'll save some $$ here) (Mar 2015) -3rd deal- townhouse, purchased off MLS 57k, rehab costs est 36k---all cash, should be listing likely by 7/1/15 for 152kApril 2015- Missed opportunity:  While on my 1 full month vaca to Italy/France/Greece, I received an email from a woman looking to sell her house, I obviously didn't answer the email.  3 weeks later after I return, I reply only to find out that she is under contract with one of my good friends (he will make 45k on the wholesale).... kicks myselfMay 2015- 4th deal-- neighbor walked into deal 3 jobsite and said he wanted to sell his house for cash...Foreman gave him my number rest is history (its 4 doors down from deal 3), purchase price 54k, est rehab 39k---all cash, will likely sell est 150k or rent for 1450ishJune 2015, 5th deal-- found on mls...

Most of the jobs are in corrections and nursing, the manufacturing jobs here are Bombardier and Nova bus.

Buying the property now costs you additional $7,000 plus about 4%.Let say that at $150,000, with 20% down, and %3.9 interest, over the next 17 months (Nov'16-Mar'18) the house cash flows, $300/mo after vacancy and cap-ex.  

Love that you're taking initiative because it's something we think it would add so much value for new buy and hold investors  in the NOVA area. 

@Metra I looked at the website for turnkey investing but it appears they stopped the podcast in Mar 2016.

@Drew Taylor Welcome to BP - I am in a very similar situation as you, minus any REI experience to this point (I have been recently motivated to get into REI as I have been sitting on the sidelines for too long and have always had an interest there).There is a NOVA meetup organized by @Charles Huang every other Saturday at the Wegmen's in Fairfax (https://www.biggerpockets.com/forums/521-events-an...).  

For my REI Investors Club I'm doing a livestream on Mar 10 interviewing Megan Lamke who started investing in syndication and now has over 2225 units valued at over $461 million dollars..

@Mar Tell Dennis Your education is the most important thing to focus on when you're getting started! 

I see San Mar Properties handling a lot of the rougher section 8 properties in Fresno.

NoVa is not the place you want to look for from buy and hold perspective.