I'm pretty open to all aspects of REI and local help would be even better!

I truly appreciate any advice, knowledge or harsh criticism on the plan.  

It certainly does on purchase price, and perhaps neighborhood, but the multifamily aspect makes the prospective rent so absurd that it might be a good deal anyway.Purchase price: $40,000Taxes: $600/yearUnits: Three 2/1 unitsMarket rent: $550/unitEven with a generous capex budget, you can find a lot of room for cash flow when you're getting 4% rent/value ratio.

I am open to criticism and am willing to add/remove any content as needed.

That is critical!  

OH and VA loans are very similar with the needs aspect.

Educate yourself in all aspects of this business.  

We are using a VA loan so occupancy within 60 days is critical.There are some other aspects I didn't roll out that are also weighing on how I plan to proceed.  

You are buying a property that if done by a quality provider has a very solid rehab done, essentially a new home in most aspects. 

I find passion in finding the deals and typing the numbers into a spreadsheet displaying returns, all in cost, etc, along with the other financial aspects.