Just know that it would be horrendously low based on actual numbers.I think your biggest challenge will be attracting decent management with such a small number of units. 

The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

I spoke with the VA asset company that handles all properties and even the lady told me that they have only been managing the VA accounts for 4 years and they wouldn't have any record anyway.

My lady is a real estate investor & she works as a senior financial analyst with the biggest entertainment company in the world (which coincidentally enough, is the place where we first met as co-workers).

There are certainly going to be some tried and true elements, but we believe as technology, culture, etc. change that so may business structures and practices.With all of that said, as brokers and agents, what service, support, and features are most valuable and most attractive to you in where you choose to do business?

@Devon Morgan,You need to read up on how to attract and engage private lenders where the deal is more important than your credit.When you don't have money and/or credit, then you need to use other people's money and other people's credit.

It also sounded crazy to a lady I spoke with at a local REIA meeting I attended last night.

I was only renting it for $4000 I can give you another example of a house i bought for $1000 that rents for $875 The military lady in it wants to buy it for $110,000.00 it is worth about $125,000-$135,000 

Once renovated they are more attractive as buy and hold investments, but they also can be partitioned into two single family homes, which have higher comparable sales in these locations.

The answer to your question depends on many variables, primarily the quality of property you're investing in and the quality of tenants you're able to attract with these properties.