I also have an affinity for the area because I grew up down there and plan to return in the future.The problem is I live in Northern Virginia and do not really have anyone to represent my interest down south.

I would really appreciate any ballpark numbers or whatever you have to offer,especially if your in my vicinity (Lynchburg Va) and have done some gut rehabs.

I've only used conventional or VA loans, and sub2 on my deals. 

All of the TV flippers have been coming through Richmond Va.

Here are the numbers, if I left anything out or you want more information let me know:Single-family homeOriginal Mortgage = $114,500 VA Loan @ 4.00% (no PMI)Mortgage Balance: $104,000Conservative Market Value = $130,000Mortgage payment+Insurance+Taxes $756/monthRent: $1300/month Property Mgmt = 10%Vacancy: 15% (military area)Maintenance: 5% (everything is brand new inside)Yearly NOI = $3400A little about this house.

The area I live in has very inflated housing prices (Northern VA) and I'd feel more comfortable starting somewhere that the housing is more reasonable, like Richmond, VA or Henrico, VA.2) If a wholesaler can't locate a buyer before closing and has to close on the house, what happens then? 

My train of thought right now would be to take out a VA loan with no money down and live in one of the units until I move away.  

Also keep in mind that a VA is a business owner like you.

Worst one I have right now is one who is getting VA support.The number of kids is a definite issue too.

I'm an Army/Afghanistan combat-wounded veteran who doesn't let the label from the VA define me or my actions.I was a Nurse for a decade.I abused drugs/needles/affairs for 4 years.