Hi MarinusI'm not from either of those locations, I'm from Salt Lake City, Utah.

I live in Northern Utah and I have been looking and looking in Davis and Salt Lake Counties and haven't found a ton of deals, everything seems vastly over-priced.

Take everything with a grain of salt, as there are many ways to lose money in real estate. 

Even when using the highest grade solar salt, shampoo and body wash were simply difficult to wash off in the shower.

Andy, please take this with a grain of salt.

But basically, take what I say with a grain of salt. :)Depending on where you move in VA you may struggle finding a move in ready MF property for that price so you may either need to put some of your own capital in there (if that is an option) or do something like an FHA 203k loan to start.

@Sasan Nemabakhsh...Feel free to take what I'm going to respond with a grain of salt, and while not exactly the same, I've worked on some hospitality construction financing, and the lender I've placed with has appetite for ALF construction.I don't know about construction cap, but end should be running at a 8ish, on ALF, from my knowledge.You should definitely get a 3rd party feasibility study done to determine the answer to the question of market due diligence.  

Take it all with a grain of salt.  

I don't know if your market doesn't allow better deals so take my advice with a grain of salt.  

You need to take any list price with a grain of salt, it is just meant to drive traffic.