I have one investment property (SFH) in Sterling, VA (NoVA).

@Aditya Tor  If you are looking for cash flow, then you are not going to find it in NoVa.

@Seth Firestone When you say the property will "Cash Flow around $270 per month", Your Cash Flow calculation should have a vacancy reserve factored into it along with CapEx, Maintenance, Property Management, Landlord Insurance, and any other cost the landlord may be absorbing.For your vacancy reserve some people do a percentage of rent collected, I personally do one month worth of rent just in case the tenant moves out after one year, that's never happened but I do everything on a conservative level.What type of Asset are you buying that has a $3,000 mortgage in NOVA, and What will that asset rent for?

If looking to invest in the NOVA area with 20-25K down, you'll have to look into an owner occupant (house hack) type situation.  

(read: Nationally Chartered) ....At least you didn't ask me if we have the Bank of Nova Scotia down here ;-)You can find residential and small multi-unit properties for between $20 -$30K/unit still.  

I'm a Realtor in the greater DC area/NoVA.

I live in downtown Chicago (grew up in NoVA). 

welcome guy,  I'm a wholesaler located in Norfolk, VA but also work NOVA, and the rest of the dc metro area.  

This is clearly not enough cash to buy a condo outright here in NoVA.

I am going to be selling a property in No VA later this month and I want to make sure to speak with my agent about the changes.