I am using a VA loan and I am currently located in Virginia beach with the following search criteria: SFR 4/2 with a backyard ( garage is a bonus) , 1600+ sqft with a market time of 40+ days, minor repairs or modifications needed are welcome.The modification and market time is , you guessed it, to be able to negotiate a discount from the original listing price.

@Jeff Hink gave you a HUGE tip and one that I find true myself - a pool, or access to a pool is a MAJOR bonus and translates to lower occupancy and increased rates. 

Maybe an added bonus for PRO members.

Bonus points if they own rentals that are managed by someone else so they understand pain points from the Landlord perspective.

I have been hesitant about parking my cash in any one particular asset, but I've been maxing my 401Ks and with a big bonus recently, I have about 250K~ in cash and not sure where I should be putting itI currently have an income producing property in a major HCOL urban market at a 2.6% interest rate and produces about $1k/month in profit.

Nice bonus since I was gonna have to put more down in order to CF $0 anyways. 

I already know that most investors are going to say to stay away from a property with a septic system, but I bought this property for the land, 293 acres, and the house is a bonus so trying to make some income by renting it.  

The added bonus doing it within a Portfolio loan instead of a Fannie Mae loan, is that you would have easier qualifying on the income of the property with the right lender.

I've heard @Brandon Turnermention in one of the BP Podcast that buying a rental should be based on cash flow and the appreciation, if any, is a bonus but shouldn't be counted on. 

Any more is just a bonus and a personal choice/goal.Those numbers factored in maintenance, reserves, capex, and a team of 4 managers that I have on salary.