So rather than overemphasizing WHICH market to chose, emphasize finding the right mentor/coach/team because it is possible to fail in a good investment market when you do not know what you are doing and to succeed in a more challenging market when you do know what you are doing. 

Feel the fear and do it anyways is one of my motto's also a very great book!

But at the same time, it could relieve our financial burden and set us up for future investments.What would you do in this situation?

Paid cash for it.  

It will familiarize you with the basic terminology and benefits.

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.

Do you know the other markets well? 

You also need the operating cash to do rehab.I say this because you mention FHA and low money.

@Jason Khoury what would you do if you worked for a nonparofit and had to sell a property?

If you can brand yourself as someone with a strong track record of getting VA buyers to the closing table efficiently, realtors will take notice and vouch for you and your clients as offers are submitted and this will show tremendous value to borrower clients.