I am also willing to engage virtually in out of state markets where houses are cheaper, such as Florida.For buy-and-hold properties, I am willing to engage in any market that has decent appreciation, good rent-to-value ratios, and good property managers.Marketing Plan:I plan to use a combination of:Direct MailI plan to send out a campaign once a month, roughly every 4-6 weeks.I plan to start off by targeting lists of pre-foreclosures, and owners (absentee and owner occupant) that have 40-100% equity.Bandit SignsPosting on Friday evenings and removing on Sunday nightsDriving for DollarsOnline MarketingCraigslistA Wordpress website and blogSocial Media (Facebook, Twitter, Quora, etc.)Pay per clickNewspaper AdsSearching the MLSNetworking / Word of MouthFinancing Deals:WholesalingThe only costs that I will need financing for are Earnest Money Deposits, inspection fees, and reimbursements to contractors for help estimating repair costs.

I tested a few "neighborhoods" in the application, and the unfortunately data can be highly misleading (Note:  How this website defines "neighborhoods" may be different than common definitions (one simple example would be how they define the borders of Fountain Square - I don't think that most real estate professionals would say that Fountain Square goes that far east).Also, if you take as an example a neighborhood like Butler-Tarkington, on the south end (38th-42nd), it can be quite rough and $50k houses can be found readily, but in the northern end of the exact same neighborhood, you can find beautiful virtual mansions with manicured lawns which can easily be $500k - $1MM.So, just to summarize, while there are some "tools" which can be helpful, this just further illustrates once again, how difficult & challenging, Indianapolis can be & how one must do their own due diligence.Best,Matthew

Also, due to the fact that I was a college athlete up until this point, I have very little earnings saved as I had virtually no time to work. 

Does the use of a Virtual Assistant (VA) have the potential to become more preferable over administrative assistant's?

What price range (per hour) is reasonable to pay an experienced, U.S. based, college educated virtual assistant?

I run a virtual practice.

You can save your time by paying a Virtual Assistant in the Phillipines 3$ an hour to do this for you.

Everything is done over the phone/skype/virtually.

So great to meet you all virtually...  

This would virtually guarantee one of two things: Either the owner will find a way to pay the taxes to avoid losing the property, or you will obtain a property that can be sold at a profit.