Once you find what prices are these properties going for, you could make a decision based on that.Make sure you compare apples to apples i.e., age, square footage, style, rental income, etc. are the same or very close. 

Hey I'm in Chicago area now but from apple Valley and want to start investing there too.

My technical career started with HP and then I moved on to NeXT (today's Apple).

That way you're comparing apples to apples.

So just make sure you compare this options with conventional financing because you can use 5% down with conventional.You can price them apples to apples to make sure you're chosing the right option.Keep in mind if this is your second use VA has a huge 3.30% VA funding tacked on up front.To make it apples to apples you'll have to hike the VA rate up from where it is now (around 3.375% to about 4.00%) to generate enough lender credit to payoff this 3.30%.

That's apple to orange.

i know many disagree on here , but i prefer using a cap rate . i think it allows you to compare apples to apples in a particular market . i sometimes use different approaches to value to come up with an average if i am really perplexed at the value . it doesn't sound like too bad a deal . i think if you can cashflow with a 15 year , you are at least in the ball park .

Through my career I have been fortunate to meet some of the most successful landlords in one of the most sought after real estate markets in the world, THE BIG APPLE!

Carine's enthusiasm and passion for real estate started when she first stepped foot in the Big Apple almost 20 years ago, leaving her native France behind.

If you have an apple device follow their podcast, you will not regret it.