Ideally, multi-family.

It would be ideal to know for sure if the properties will appraise for at least 100K which is a common minimum standard in hard and private money.  

Ideally we wouldn’t buy if it didn’t cash flow in the first place so I’m picking nice round numbers just for simplicity.Loan is 240K 30 yr. fixed at 4.3%Monthly payments are 1,500 Rental income 2,000Cash flow is 500/monthIf we use the cash flow to pay down the mortgage faster we can pay down the mortgage in ~ 17 years and save nearly 80K in interest paid on that loan.

If I could get the seller to carry for the term, that would be ideal, but I think most would want the balloon at some point.

The ideal agent will:-Have knowledge of VA loans-Have an established network of property managers, contractors, handymen (or women), and local lenders.

If you buy them low and do a quick flip and make you some money is ideal. 

However, we are not sure how long we are staying in NYC (possibly considering to move away in next summer).Also, crime rate in the area is not ideal according to Trulia either. 

Ideally whatever formula I work out will be scalable and I can do some more deals with other friends. 

Just to add a few more ideas, you could consider selling it with security system if the area is not ideal, the basic package for simplysafe is like $200 and from my experience people really love it (at least in my rental property). 

You describe it as a C property in a B neighborhood which is ideal for a repositioning and raise rents.