With all the strict VA guidelines and such, how feasible is it to be able to get a somewhat distressed, more along the lines of very outdated but livable, property with a VA loan?

Jesse Olsen your qualification amount can only be determined by a qualified loan officer who is familiar with FHA guidelines on qualifying income, debt-to-income, etc. unfortunately, most of what I tend to find online is incorrect or outdated.

That excludes FHA and VA loans, except the messy FHA 203K.In an old home, you're dealing with construction that's not up to code, like knob & tube wiring with fuses instead of breakers, outdated plumbing, leaky fieldstone foundations, etc. 

Find a place that is in good enough condition that people can live there, but has outdated kitchens and baths, beat up hardwoods, desperate need for painting and other cosmetic upgrades.  

The above blog you posted is outdated.

Hi Mark,You pose an interesting question: Which will add more value to a flip... a clunky, dysfunctional, outdated floorplan with an extra bedroom, or an open, updated, more functional plan, with one less bedroom?

Hello- my husband and I just bought a home that has an outdated master bathroom.

Im not suggesting spending money, just helping her...like maybe suggesting some new apartment buildings, and being lenient on move out dates and the such.

Hey BP,I've been riding my bike around town trying to develop an eye for distressed properties.I've been seeing some worn out roofs, holes in the wood right under the gutter, and general lack of maintenance/outdate style.In addition these things, what do people look for when driving for dollars?

It's a bit outdated but has very large 3 bed units and in a safe neighborhood for Fitchburg.