Any other pros or cons to this method of investing for at least getting started? 

Anyway, here I am many years later, a senior myself at 71, and living in Redding, CA, and thinking of doing a senior project. 

Since you’ll be saving your own living expenses by living in one of the units as required by the VA (to the best of my knowledge.) pretend you are paying rent and it should make your numbers look much better. 

What about if you set up a maintenance company that maintains all of the properties, then you have a real estate attorney prepare all of the lease agreements.

It sounds like a great idea!  

New construction might be more of a challenge.

It the equivilant of a very light sanding, then poly and looks good as new.

We are still evaluating our plans for the future of mobile apps, kindly stick to the mobile website : https://www.biggerpockets.com/

I had no exposure to this group but recently heard one of their principals on this podcast.

That said, you will need to make sure the property meets the definition of rural first.