Mainly on Oahu?

I got preapproved for a loan but I a lot of the properties need a little rehab mainly cosmetic.

Since they have no problem with money, and it is strictly their money, I would mainly go for higher-end flips. 

@Bharath Danda, main thing to consider is that the rent is likely to DECLINE over time.

But the prices in one area should reflect the current market price, even if expectations of growth in the area are projected to continue, this should all be factored into the price right?).

Would it be a good idea to vet a new Gc by getting estimates on rehabbing the third floor with carpet and mainly renovating the bathroom?

The main benefit for VA over an FHA loan is 0% down required and you don’t pay monthly mortgage insurance, which can add up to quite a bit in the long run.

(Well, it would be once the 6-plexes are fully rented.)Also consider what you have to maintain for each property:Office: 1 Roof6-plexes: 2 RoofsOffice: 4 HVAC units6-plexes: 12 furnaces + 12 AC window unitsOffice: 2 kitchenettes (Fridge, sink)6-plexes: 12 full kitchens (Above, plus range/oven, vent/hood, dishwasher, etc.)Office: 4 bathrooms6-plexes: 12 bathroomsA couple more confounding factors: The office building is built in 2005 and located in a suburb of a major metropolitan area currently experiencing substantial growth.

Which you could do a section 8 or SSI rental and get a check every month the the Government.I will be giving you a couple senarios on pricing which the main focus is the heating cost and how you want the heating and AC installed.

I'm looking mainly in the 2-4 unit ranges.